AFB (AFB) director reports open-market purchase of 2,500 shares
Rhea-AI Filing Summary
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND director R. Jay Gerken reported an open-market purchase of 2,500 shares of Common Stock at an average price of $10.955 per share. Following this transaction, he directly owns 2,500 shares, indicating a new personal position in the fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares
Net Buy
1 txn
Insider
GERKEN R JAY
Role
Director
Bought
2,500 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,500 | $10.955 | $27K |
Holdings After Transaction:
Common Stock — 2,500 shares (Direct)
Key Figures
Shares purchased: 2,500 shares
Purchase price: $10.955 per share
Shares owned after: 2,500 shares
+1 more
4 metrics
Shares purchased
2,500 shares
Open-market purchase on 2026-05-22
Purchase price
$10.955 per share
Average transaction price for Common Stock
Shares owned after
2,500 shares
Total direct ownership following transaction
Net buy shares
2,500 shares
Net change in position from this Form 4
Key Terms
open-market purchase, Common Stock, transaction code P, direct ownership
4 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code P financial
"transaction_code_description: "Purchase in open market or private transaction""
direct ownership financial
"ownership_type: "direct" and ownership_code: "D""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did AFB director R. Jay Gerken report?
R. Jay Gerken reported buying 2,500 AFB Common Stock shares in the open market. The trade was recorded as a Form 4 transaction, indicating a direct personal purchase rather than through a related entity or derivative exercise.
Was the AFB insider transaction a buy or sell action?
The transaction was a buy, specifically an open-market purchase of AFB shares. The Form 4 classifies it under transaction code P, which denotes a purchase in the open market or a private transaction, resulting in a net addition of shares.
Does the AFB Form 4 filing show any derivative securities activity?
The filing does not show any derivative securities activity for this insider. The derivative summary section is empty, indicating no option exercises, conversions, or other derivative transactions were reported in connection with this Form 4 event.