Donegal group executive Sanjay Pandey sells $210,005 in stock

Published 10/03/2025, 16:50
Donegal group executive Sanjay Pandey sells $210,005 in stock

MARIETTA, PA—Sanjay Pandey, Senior Vice President and Chief Information Officer of Donegal Group Inc. (NASDAQ:DGICA), recently executed a series of stock transactions involving the company’s Class A Common Stock. According to a regulatory filing, Pandey sold shares valued at approximately $210,005 over two days in early March. The transactions come as DGICA trades near its 52-week high of $18.19, with the stock showing impressive gains of 37% over the past year, according to InvestingPro data.

On March 6, Pandey sold 5,469 shares at a price of $18.0086 per share. The following day, March 7, he sold an additional 6,192 shares at a price of $18.0097 per share. These transactions resulted in a total sale of 11,661 shares.

In conjunction with these sales, Pandey also acquired shares through the exercise of stock options on both days. On March 6, he acquired 5,469 shares and on March 7, an additional 6,192 shares, both at an exercise price of $14.43 per share. The total cost of these acquisitions was $168,268.

Following these transactions, Pandey holds 7,449 shares directly. Additionally, he maintains an indirect ownership of 27,454 shares through a 401(k) plan. Subscribers to InvestingPro can access detailed insider trading patterns and 8 additional exclusive ProTips about DGICA’s financial health and market performance.

In other recent news, Donegal Group Inc. has introduced a new Annual Executive Incentive Plan, as detailed in a recent SEC filing. This plan, approved by the board of directors and the Compensation Committee, aims to provide bonuses to executive officers based on specific performance goals for the fiscal year 2025. The bonuses are contingent upon achieving targets for commercial lines premium growth, statutory combined ratio, and a specified operating return on equity. Additionally, Donegal Group announced the upcoming retirement of director Scott A. Berlucchi, who will not seek re-election at the 2025 annual stockholders meeting. Berlucchi will continue to serve on the board until the end of his term at the 2025 meeting. The company emphasized that his decision was not due to any disagreements with its operations or policies. Donegal Group has not yet announced a successor or any changes to the board’s composition following Berlucchi’s departure. These developments reflect Donegal Group’s ongoing efforts to align executive performance with financial targets and maintain transparency in its governance structure.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.