WDI Co-CIO/Subadviser Michael Buchanan Buys 5,000 Shares

What Happened
Michael Buchanan, listed as Co-CIO/Subadviser, reported an acquisition of 5,000 shares of Western Asset Diversified Income Fund (WDI) on 2026-09-24. The Form 4 shows a purchase (code P) at $11.88 per share for a total reported value of $59,415. This was a buy (acquisition) rather than a sale.

Key Details

• Transaction date: 2026-09-24
• Transaction type: Purchase (Form 4 code P — open market or private purchase)
• Price and quantity: 5,000 shares at $11.88 per share; reported total $59,415
• Shares owned after transaction: not specified in the information provided on this filing
• Filing date: 2026-09-28 — filed within the usual two business-day window (timely)
• Footnotes/plan: the filing does not disclose a 10b5-1 plan or other special footnotes

Context
Insider purchases can be more informative to investors than sales because they represent personal capital deployed into the company’s stock; however, purchases do not prove future performance and motives aren’t disclosed. This acquisition is modest in size (~$59k) and was reported on a timely Form 4. Retail investors may note the purchase as a datapoint among other ownership and company fundamentals when assessing WDI.