Diamond Hill Director Cash‑Out: $175 Merger Price Erases 13,829‑Share Stake

Diamond Hill director Richard Scott Cooley cashed out his 13,829‑share stake for $2.42 million as the $175‑per‑share merger with First Eagle closed.

Diamond Hill Investment Group (ticker: DHIL) had a market capitalization of roughly $2.0 billion before the deal. On April 22, 2026, each outstanding share was canceled and converted into a cash right of $175.00 under the merger agreement.

Cooley’s disposition of 13,829 common shares at $175 per share yielded approximately $2.42 million in cash, leaving him with zero holdings in DHIL. The transaction was recorded as a disposition to the issuer, reflecting the merger mechanics rather than an open‑market sale.

The cash‑out eliminates Cooley’s insider position but does not alter Diamond Hill’s outstanding share count, which was fully redeemed in the merger. Investors should watch how First Eagle integrates Diamond Hill’s asset‑management business and whether any further insider filings emerge as the combined entity reports its first quarterly results.