Rady Trust buys 50K American Assets Trust shares
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Form Type
4
Rhea-AI Filing Summary
American Assets Trust, Inc. (AAT) reports that Executive Chairman and ten percent owner Ernest S. Rady, through Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), purchased 50,000 shares of common stock on 2026-08-21 at $22.75 per share in an open-market or private transaction. After this purchase, ERT holds 8,916,117 shares, which the reporting person disclaims beneficial ownership of except to the extent of his pecuniary interest. The filing also lists indirect holdings through American Assets, Inc. (2,267,022 shares), Insurance Company of the West (1,275,336), Rady Foundation (1,209,021), Explorer Insurance Company (200,000), and Evelyn Shirley Rady Trust (107,859), each with similar pecuniary-interest disclaimers, plus 66,680 shares held directly by Ernest Rady IRA.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
7 txns
Insider
RADY ERNEST S
Role
Executive Chairman
Bought
50,000 shs ($1.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 F1 | 50,000 | $22.75 | $1.14M |
| holding | Common Stock, par value $0.01 F2 | -- | -- | -- |
| 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 — 8,916,117 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 — 107,859 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.
Key Figures
Shares purchased: 50,000 shares
Purchase price per share: $22.75 per share
ERT holdings after transaction: 8,916,117 shares
+5 more
8 metrics
Shares purchased
50,000 shares
Common Stock, par value $0.01, purchased on 2026-08-21
Purchase price per share
$22.75 per share
Open-market or private transaction on 2026-08-21
ERT holdings after transaction
8,916,117 shares
Indirectly held by Ernest Rady Trust after 50,000-share purchase
AAI indirect holdings
2,267,022 shares
Held by American Assets, Inc., directly controlled by the reporting person
ICW indirect holdings
1,275,336 shares
Held by Insurance Company of the West, directly controlled by the reporting person
RF indirect holdings
1,209,021 shares
Held by Rady Foundation, directly controlled by the reporting person
EIC indirect holdings
200,000 shares
Held by Explorer Insurance Company, directly controlled by the reporting person
Direct IRA holdings
66,680 shares
Held by Ernest Rady IRA
Key Terms
beneficial ownership, pecuniary interest, indirect ownership, Executive Chairman
4 terms
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of such shares, except..."
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
"disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest"
indirect ownership financial
"Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled"
Executive Chairman financial
"Reporting Person is the Executive Chairman of American Assets Trust, Inc."
An executive chairman is the board leader who also takes an active role in running the company, combining oversight of the board with hands-on involvement in strategy and major decisions. For investors, this matters because it concentrates influence in one person—like a team captain who both sets the game plan and plays on the field—so their judgment can speed decisions but also increases governance and succession risk that can affect stock value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Ernest S. Rady report in this Form 4 for AAT?
Ernest S. Rady, Executive Chairman of AAT, reported that the Ernest Rady Trust (ERT) purchased 50,000 shares of American Assets Trust, Inc. common stock on 2026-08-21 in an open-market or private transaction at $22.75 per share.
What other indirect holdings in AAT are associated with Ernest S. Rady?
Entities associated with Ernest S. Rady hold additional AAT shares: 2,267,022 via American Assets, Inc., 1,275,336 via Insurance Company of the West, 1,209,021 via Rady Foundation, 200,000 via Explorer Insurance Company, and 107,859 via Evelyn Shirley Rady Trust, all with pecuniary-interest disclaimers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
