General American Investors VP buys 838 preferred shares
General American Investors VP Administration/CCO/PFO Eugene S. Stark made open‑market purchases of the company’s 5.95% Preferred Stock.
Rhea-AI Filing Summary
General American Investors VP Administration/CCO/PFO Eugene S. Stark made open‑market purchases of the company’s 5.95% Preferred Stock. He bought 200 shares on March 27 at $24.92 per share and 638 shares on March 30 at $24.95 per share, totaling 838 shares.
After these trades, Stark directly owns 27,849 shares of 5.95% Preferred Stock and an additional 4,000 preferred shares are held indirectly by his spouse. He also directly holds 10,000 common shares. A further 101,303 common shares are held by the issuer’s Employees’ Thrift Plan Trust, and he disclaims any beneficial interest in those trust shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 838 shares
Net Buy
6 txns
Insider
Stark Eugene S
Role
VP Administration/CCO/PFO
Bought
838 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 638 | $24.95 | $16K |
| Purchase | 5.95% Preferred Stock | 200 | $24.92 | $5K |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 39,849 shares (Direct);
GAM — 10,000 shares (Direct);
GAM — 101,303 shares (Indirect, By Thrift Plan Trust);
5.95% Preferred Stock — 4,000 shares (Indirect, By Spouse)
Footnotes (4)
- F1. Shares held in joint account with spouse.
- F2. Shares held by the undersigned's spouse in an IRA account.
- F3. Shares held by the undersigned in an IRA account.
- F4. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.
Key Figures
Preferred buy 1: 200 shares at $24.92
Preferred buy 2: 638 shares at $24.95
Net shares bought: 838 shares
+4 more
7 metrics
Preferred buy 1
200 shares at $24.92
5.95% Preferred Stock bought on March 27, 2026
Preferred buy 2
638 shares at $24.95
5.95% Preferred Stock bought on March 30, 2026
Net shares bought
838 shares
Total 5.95% Preferred Stock purchased in these transactions
Direct preferred holdings
27,849 shares
5.95% Preferred Stock held directly after March 30, 2026
Spouse preferred holdings
4,000 shares
5.95% Preferred Stock held indirectly by spouse
Direct common holdings
10,000 shares
GAM common stock held directly
Thrift Plan Trust common
101,303 shares
Common shares held by Employees’ Thrift Plan Trust; interest disclaimed
Key Terms
open-market purchase, 5.95% Preferred Stock, Employees' Thrift Plan Trust, beneficial interest, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase for the preferred stock buys"
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 for the reported purchases"
Employees' Thrift Plan Trust financial
"By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest"
beneficial interest financial
"The undersigned disclaims any beneficial interest in these shares."
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
IRA account financial
"Shares held by the undersigned's spouse in an IRA account."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eugene S. Stark report in this Form 4 for GAM?
Eugene S. Stark reported open‑market purchases of 838 shares of General American Investors’ 5.95% Preferred Stock. These buys occurred on March 27 and March 30 at prices just under $25 per share, increasing his direct preferred holdings.
What are Eugene S. Stark’s GAM preferred stock holdings after these trades?
After the transactions, Stark directly holds 27,849 shares of General American Investors’ 5.95% Preferred Stock. In addition, his spouse holds 4,000 preferred shares indirectly attributed to him, reflecting family‑related ownership outside his direct account.
Does the Form 4 indicate any sales or derivative exercises by Stark?
The Form 4 shows no sales or derivative exercises. It reports only two open‑market purchases of the 5.95% Preferred Stock totaling 838 shares, plus several holding entries that describe his direct, spousal, and plan‑related ownership positions in General American Investors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
