General American CEO buys 4,000 preferred shares
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC (GAM) reported that President & CEO Jeffrey W. Priest purchased 4,000 shares of its 5.95% Preferred Stock on September 18, 2026 at $23.46 per share in an open-market or private transaction, bringing his directly held preferred position to 44,691 shares.
He now directly holds 45,611 GAM common shares. Additional GAM common and 5.95% Preferred shares are held indirectly by a parent, under powers of attorney, and by the Issuer's Employees' Thrift Plan Trust; Mr. Priest has dispositive power but disclaims any beneficial interest in those indirect holdings. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,000 shares
Net Buy
7 txns
Insider
Priest Jeffrey W
Role
President & CEO
Bought
4,000 shs ($94K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 4,000 | $23.46 | $94K |
| holding | GAM | -- | -- | -- |
| holding | GAM F1 | -- | -- | -- |
| holding | GAM F1 | -- | -- | -- |
| holding | GAM F2 | -- | -- | -- |
| holding | 5.95% Preferred Stock F1 | -- | -- | -- |
| holding | 5.95% Preferred Stock F1 | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 44,691 shares (Direct);
GAM — 45,611 shares (Direct);
GAM — 34,592 shares (Indirect, By Parent);
GAM — 78,756 shares (Indirect, By Power of Attorney);
GAM — 25,754 shares (Indirect, By Thrift Plan Trust);
5.95% Preferred Stock — 7,739 shares (Indirect, By Parent);
5.95% Preferred Stock — 19,502 shares (Indirect, By Power of Attorney)
Footnotes (2)
- F1. Mr. Priest has dispositive power but disclaims any beneficial interest in these shares.
- F2. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.
Key Figures
Preferred shares purchased: 4,000 shares of 5.95% Preferred Stock
Purchase price per preferred share: $23.46 per share
Direct preferred holdings after transaction: 44,691 shares
+5 more
8 metrics
Preferred shares purchased
4,000 shares of 5.95% Preferred Stock
Purchase on September 18, 2026
Purchase price per preferred share
$23.46 per share
5.95% Preferred Stock purchase on September 18, 2026
Direct preferred holdings after transaction
44,691 shares
5.95% Preferred Stock held directly by Jeffrey W. Priest after purchase
Direct common holdings
45,611 shares
GAM common stock held directly after reported transactions
Indirect common by Parent
34,592 shares
GAM common stock held indirectly by Parent, beneficial interest disclaimed
Indirect common by Power of Attorney
78,756 shares
GAM common stock held indirectly by Power of Attorney, beneficial interest disclaimed
Indirect common by Thrift Plan Trust
25,754 shares
GAM common stock held by Issuer's Employees' Thrift Plan Trust, beneficial interest disclaimed
Indirect preferred by Power of Attorney
19,502 shares
5.95% Preferred Stock held indirectly by Power of Attorney, beneficial interest disclaimed
Key Terms
dispositive power, beneficial interest, Power of Attorney, Employees' Thrift Plan Trust
4 terms
dispositive power financial
"Mr. Priest has <b>dispositive power</b> but disclaims any beneficial interest"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial interest financial
"but disclaims any <b>beneficial interest</b> 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.
Power of Attorney regulatory
"Indirect ownership noted as "By <b>Power of Attorney</b>" for certain shares"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
Employees' Thrift Plan Trust financial
"By Issuer's <b>Employees' Thrift Plan Trust</b>. The undersigned disclaims"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GAM President & CEO Jeffrey W. Priest buy in this Form 4 filing?
He purchased 4,000 shares of GENERAL AMERICAN INVESTORS CO INC’s 5.95% Preferred Stock on September 18, 2026 in an open-market or private transaction at a reported price of $23.46 per share.
Does Jeffrey W. Priest report any indirect holdings of GAM’s 5.95% Preferred Stock?
Yes. Indirect 5.95% Preferred holdings include 7,739 shares by Parent and 19,502 shares by Power of Attorney. Mr. Priest has dispositive power over these shares but disclaims any beneficial interest in them.
Was the GAM Form 4 transaction by Jeffrey W. Priest made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirming plan, and there is no indication that the reported purchase was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
