BAWEL DAVID BENJAMIN 4

What Happened

• David Benjamin Bawel, SVP & Chief Accounting Officer of Donegal Group Inc. (DGICA), acquired 51 shares on 2026-02-17 at $19.02 per share, a total value of about $970. The transaction is coded as an "other acquisition" and was effected through the company's Dividend Reinvestment Plan (DRIP), meaning dividends were used to buy additional shares rather than cash being received.

Key Details

• Transaction date and price: 2026-02-17 at $19.02 per share.
• Shares acquired: 51; total value ≈ $970.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 indicates the purchase was under the Dividend Reinvestment Plan.
• Timeliness: Filing dated 2026-02-20 — three days after the transaction date; this appears to be a late Form 4 filing (reduces near-term transparency).

Context

• DRIP purchases are automatic reinvestments of dividends and are common for insiders who elect to reinvest; they are not the same as an open-market buy and may reflect dividend policy rather than a new bullish signal.
• Code J (“other acquisition or disposition”) is often used for transactions like dividend reinvestments; no options were exercised and no gifts or sales were reported in this filing.