General American VP spouse buys 2,000 preferred shares
The spouse's IRA held 3,100 preferred shares after the purchase, while separate trust and custodial accounts were also listed.
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC (GAM) Vice-President Craig Anthony Grassi reported that his spouse purchased 2,000 shares of 5.95% Preferred Stock in an IRA on September 22, 2026, at $23.08 per share; the spouse held 3,100 shares afterward. Separate reported positions included 73,127 Common Stock shares held by the issuer’s Employees’ Thrift Plan Trust, for which Grassi disclaimed beneficial interest, and 250 preferred shares in a custodial account for his son, Michael Leon Grassi. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
3 txns
Insider
Grassi Craig Anthony
Role
Vice-President
Bought
2,000 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock F2 | 2,000 | $23.08 | $46K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | 5.95% Preferred Stock F3 | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 3,100 shares (Indirect, By Spouse);
Common Stock — 73,127 shares (Indirect, By Thrift Plan Trust);
5.95% Preferred Stock — 250 shares (Indirect, By Son)
Footnotes (3)
- F1. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.
- F2. Shares held by the undersigned's spouse in an IRA account.
- F3. By Custodial Account for son, Michael Leon Grassi, under the New Jersey Uniform Transfers to Minors Act.
Key Figures
5.95% Preferred Stock purchased: 2,000 shares
Price per share: $23.08 per share
5.95% Preferred Stock held after purchase: 3,100 shares
+2 more
5 metrics
5.95% Preferred Stock purchased
2,000 shares
Spouse's IRA purchase on September 22, 2026
Price per share
$23.08 per share
Spouse's purchase on September 22, 2026
5.95% Preferred Stock held after purchase
3,100 shares
Spouse's IRA position following the September 22, 2026 purchase
Common Stock held by Employees’ Thrift Plan Trust
73,127 shares
Position reported on September 22, 2026; Grassi disclaimed beneficial interest
5.95% Preferred Stock in son's custodial account
250 shares
Position reported on September 22, 2026
Key Terms
5.95% Preferred Stock, IRA account, Employees' Thrift Plan Trust, beneficial interest, +1 more
5 terms
5.95% Preferred Stock financial
"5.95% Preferred Stock"
IRA account financial
"Shares held by the undersigned's spouse in an IRA account"
Employees' Thrift Plan Trust financial
"By Issuer's Employees' Thrift Plan Trust"
beneficial interest financial
"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.
New Jersey Uniform Transfers to Minors Act regulatory
"under the New Jersey Uniform Transfers to Minors Act"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the GAM Vice-President's spouse purchase?
The spouse purchased 2,000 shares of 5.95% Preferred Stock on September 22, 2026, at $23.08 per share. The shares were held in the spouse’s IRA account.
Did Craig Anthony Grassi personally make the preferred-stock purchase?
The reported purchase was by his spouse in an IRA account. Craig Anthony Grassi is identified as a Vice-President, and the transaction is reported as an indirect holding.
Was the GAM purchase reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported; the filing’s plan checkbox is unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
