American Assets Trust (NYSE: AAT) chair adds 35,763 shares via trusts
Rhea-AI Filing Summary
American Assets Trust Executive Chairman and 10% owner Ernest S. Rady reported open‑market purchases totaling 35,763 common shares. On August 7, 32,763 shares were bought at $22.82 per share through the Ernest Rady Trust, taking that trust to 8,459,288 shares; on August 5, 3,000 shares were bought at $23.04 through the Evelyn Shirley Rady Trust, reaching 107,859 shares. Additional entries reflect substantial indirect holdings across several controlled entities and an IRA, for which Rady disclaims beneficial ownership beyond his pecuniary interests. The Rule 10b5‑1 trading‑plan checkbox was not selected.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 35,763 shares
Net Buy
7 txns
Insider
RADY ERNEST S
Role
Executive Chairman
Bought
35,763 shs ($817K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 F2 | 32,763 | $22.82 | $748K |
| Purchase | Common Stock, par value $0.01 F1 | 3,000 | $23.04 | $69K |
| holding | Common Stock, par value $0.01 F3 | -- | -- | -- |
| holding | Common Stock, par value $0.01 F4 | -- | -- | -- |
| holding | Common Stock, par value $0.01 F5 | -- | -- | -- |
| holding | Common Stock, par value $0.01 F6 | -- | -- | -- |
| holding | Common Stock, par value $0.01 F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 107,859 shares (Indirect, By ESRT);
Common Stock, par value $0.01 — 8,459,288 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 — 1,209,021 shares (Indirect, By RF);
Common Stock, par value $0.01 — 200,000 shares (Indirect, By EIC);
Common Stock, par value $0.01 — 66,680 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Represents shares held by Ernest Rady IRA.
Key Figures
Total shares purchased: 35763 shares
Purchase price 2026-08-07: $22.82 per share
Shares held by Ernest Rady Trust: 8459288 shares
+3 more
6 metrics
Total shares purchased
35763 shares
Open-market purchases on August 5 and 7, 2026
Purchase price 2026-08-07
$22.82 per share
32,763 shares bought via Ernest Rady Trust (ERT)
Shares held by Ernest Rady Trust
8459288 shares
Indirect holdings after August 7, 2026 purchase
Purchase price 2026-08-05
$23.04 per share
3,000 shares bought via Evelyn Shirley Rady Trust (ESRT)
Shares held by ESRT
107859 shares
Indirect holdings after August 5, 2026 purchase
Shares held by American Assets, Inc.
2267022 shares
Indirect holdings through controlled company AAI
Key Terms
beneficial ownership, pecuniary interest, trustee
3 terms
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of such shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
trustee financial
"for which the Reporting Person is the trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider buying in AAT did Ernest S. Rady report?
Ernest S. Rady reported open‑market purchases of 35,763 American Assets Trust common shares. He bought 32,763 shares at $22.82 on August 7 and 3,000 shares at $23.04 on August 5 through family trusts he oversees.
Were Ernest S. Rady’s AAT trades under a Rule 10b5‑1 plan?
No. The Rule 10b5‑1 trading‑plan checkbox for these transactions was not selected, indicating the reported open‑market purchases were not affirmatively designated as executed pursuant to a Rule 10b5‑1 pre‑arranged trading plan.
What is Ernest S. Rady’s role and ownership status at AAT?
Ernest S. Rady is reported as Executive Chairman, a director, an officer and a 10% owner of American Assets Trust. Most of his reported AAT stock exposure is held indirectly through trusts and controlled entities, with beneficial ownership limited to his pecuniary interest.