General American (NYSE: GAM) SVP adds 1,000 preferred shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC Senior Vice-President Anang K. Majmudar made an open-market purchase of 1,000 shares of the company’s 5.95% Preferred Stock at $24.81 per share. This increased his directly held preferred stake to 11,500 shares.
He also reports direct ownership of 5,218 GAM common shares, with additional 33,624 GAM common shares held indirectly by the issuer's Employees' Thrift Plan Trust, in which he disclaims any beneficial interest. A portion of the reported shares is held in joint tenancy with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($24,810)
Net Buy
3 txns
Insider
Majmudar Anang K.
Role
Senior Vice-President
Bought
1,000 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 1,000 | $24.81 | $25K |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 11,500 shares (Direct);
GAM — 5,218 shares (Direct);
GAM — 33,624 shares (Indirect, By Thrift Plan Trust)
Footnotes (1)
- By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares. Shares held in joint tenancy with spouse.
Key Figures
Preferred shares purchased: 1,000 shares
Purchase price per preferred share: $24.81/share
Total preferred shares after transaction: 11,500 shares
+2 more
5 metrics
Preferred shares purchased
1,000 shares
Open-market purchase of 5.95% Preferred Stock
Purchase price per preferred share
$24.81/share
Price paid in the reported transaction
Total preferred shares after transaction
11,500 shares
Directly held 5.95% Preferred Stock
Direct common shares held
5,218 shares
GAM common stock directly owned
Indirect common shares via Thrift Plan Trust
33,624 shares
Held by issuer's Employees' Thrift Plan Trust; beneficial interest disclaimed
Key Terms
open-market purchase, 5.95% Preferred Stock, Employees' Thrift Plan Trust, disclaims any beneficial interest, +1 more
5 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.
5.95% Preferred Stock financial
"security_title: 5.95% Preferred Stock"
Employees' Thrift Plan Trust financial
"By Issuer's Employees' Thrift Plan Trust."
disclaims any beneficial interest financial
"The undersigned disclaims any beneficial interest in these shares."
joint tenancy with spouse financial
"Shares held in joint tenancy with spouse."
FAQ
What insider transaction did GAM executive Anang K. Majmudar report?
Anang K. Majmudar reported an open-market purchase of 1,000 shares of GENERAL AMERICAN INVESTORS’ 5.95% Preferred Stock at $24.81 per share, increasing his directly held preferred position to 11,500 shares as of the reported date.
What type of security did GAM’s Senior Vice-President buy on this Form 4?
The transaction involved 5.95% Preferred Stock of GENERAL AMERICAN INVESTORS CO INC. Majmudar purchased 1,000 preferred shares at $24.81 each, bringing his total directly owned preferred shares to 11,500 according to the filing data.
What common stock holdings of GAM did Anang K. Majmudar report on this Form 4?
Majmudar reports 5,218 GAM common shares held directly and 33,624 GAM common shares held indirectly through the issuer’s Employees’ Thrift Plan Trust. He disclaims any beneficial interest in the trust-held shares under the filing’s footnote disclosure.