GAM (GAM) CEO boosts 5.95% preferred stake with 800-share purchase
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC reported an insider purchase by its President & CEO, Jeffrey W. Priest. On March 12, 2026, he made an open‑market purchase of 800 shares of the company’s 5.95% Preferred Stock at $24.90 per share, increasing his directly held preferred stake to 35,691 shares.
The filing also details his direct and indirect holdings of GAM common and 5.95% Preferred Stock through arrangements such as a parent account, power of attorney, and the Issuer's Employees' Thrift Plan Trust. For certain indirect holdings, Priest has dispositive power but disclaims any beneficial interest in those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 800 shares
Net Buy
7 txns
Insider
Priest Jeffrey W
Role
President & CEO
Bought
800 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 800 | $24.90 | $20K |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 35,691 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GAM President & CEO Jeffrey W. Priest report?
Jeffrey W. Priest reported an open-market purchase of 800 shares of GENERAL AMERICAN INVESTORS CO INC 5.95% Preferred Stock at $24.90 per share. This transaction increased his directly held preferred position to 35,691 shares, according to the Form 4 filing.
Does the GAM CEO have indirect holdings in the company’s securities?
Yes. The Form 4 lists indirect holdings of GAM common and 5.95% Preferred Stock held by a parent account, under power of attorney, and by the Issuer's Employees' Thrift Plan Trust. In some of these, Priest has dispositive power but disclaims beneficial interest in the shares.