Executive chairman-linked entities buy American Assets Trust (AAT) shares
Rhea-AI Filing Summary
Entities associated with American Assets Trust, Inc. Executive Chairman Ernest S. Rady reported open-market purchases of 82,386 shares of common stock at prices between $19.28 and $19.50. These buys were made indirectly through Ernest Rady Trust U/D/T March 10, 1983, where he serves as trustee and disclaims beneficial ownership except for any pecuniary interest.
The filing also updates indirect holdings in entities he directly controls or is affiliated with, including American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and an IRA and family trust structures. These entries reflect updated ownership totals rather than new reported purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 82,386 shares
Net Buy
9 txns
Insider
RADY ERNEST S
Role
Executive Chairman
Bought
82,386 shs ($1.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 | 28,858 | $19.28 | $556K |
| Purchase | Common Stock, par value $0.01 | 50,000 | $19.50 | $975K |
| Purchase | Common Stock, par value $0.01 | 3,528 | $19.37 | $68K |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 8,106,817 shares (Indirect, By ERT);
Common Stock, par value $0.01 — 2,267,022 shares (Indirect, By AAI);
Common Stock, par value $0.01 — 1,275,336 shares (Indirect, By ICW);
Common Stock, par value $0.01 — 1,009,021 shares (Indirect, By RF);
Common Stock, par value $0.01 — 200,000 shares (Indirect, By EIC);
Common Stock, par value $0.01 — 100,459 shares (Indirect, By ESRT);
Common Stock, par value $0.01 — 66,680 shares (Direct)
Footnotes (7)
- F1. Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F2. Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F3. Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F4. Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F5. Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F6. Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F7. Represents shares held by Ernest Rady IRA.
FAQ
What insider transactions did AAT report for Ernest S. Rady on this Form 4?
Entities linked to Ernest S. Rady reported buying 82,386 AAT shares. The purchases were open-market transactions at prices between $19.28 and $19.50 per share, executed indirectly through trust and related entities rather than directly in his personal name.
Were the AAT insider purchases made directly by Ernest S. Rady or through entities?
The AAT insider purchases were reported through entities, not directly by Rady. Most buying occurred via the Ernest Rady Trust, where he is trustee. He also disclaims beneficial ownership in several controlled entities, except to the extent of any pecuniary interest.
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