EU and US could reach trade deal this weekend - Reuters
William Albert Folmar, the Senior Vice President of Donegal Group Inc. (NASDAQ:DGICA), a property and casualty insurance company with a market capitalization of $645 million, recently executed a notable stock transaction. The company’s stock has shown strong momentum, trading near its 52-week high of $18.19 and delivering a 15.8% return year-to-date. On March 13, Folmar sold 1,726 shares of Class A common stock at an average price of $17.9734 per share, resulting in a total transaction value of $31,022. This sale followed an acquisition of the same number of shares through option exercises at a price of $14.43, which were subsequently sold on the same day. Following these transactions, Folmar retains direct ownership of 950 shares of the company’s stock. According to InvestingPro analysis, DGICA currently trades at an attractive P/E ratio of 9.7 and shows signs of being slightly undervalued. For more detailed insights and additional ProTips about DGICA, including its comprehensive Pro Research Report, visit InvestingPro.
In other recent news, Donegal Group Inc. has introduced a new Annual Executive Incentive Plan, as revealed in a recent SEC filing. This plan, which received approval from the board of directors and the Compensation Committee, is designed to offer bonus opportunities to the company’s executive officers based on achieving specific performance goals for the fiscal year 2025. The performance goals include targets for commercial lines premium growth, statutory combined ratio, and a specified operating return on equity. The Joint Compensation Committee, comprising members from both the Company’s and Donegal Mutual’s boards, has the authority to issue discretionary bonuses, ensuring that the interests of the Company and its shareholders are aligned. This incentive plan aims to retain key executives through competitive, performance-based compensation. The details of the plan, including performance objectives and their weightings for the bonuses payable in 2025, have been outlined. The Joint Compensation Committee also holds the power to adjust bonus payouts depending on the achievement of the set objectives. Further information on executive compensation, including salary increases and stock option grants, will be provided in the Proxy Statement for the 2025 Annual Meeting of Stockholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.