GAM executive buys 6,151 preferred shares
GENERAL AMERICAN INVESTORS CO INC executive Eugene S. Stark increased his stake in the company’s preferred shares through open-market buying.
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC executive Eugene S. Stark increased his stake in the company’s preferred shares through open-market buying. On April 8, 2026, he purchased 6,151 shares of the company’s 5.95% Preferred Stock in two transactions priced at $24.92 and $24.85 per share, bringing his direct holdings of this preferred stock to 34,000 shares. He also holds 10,000 shares of GAM common stock directly and additional preferred and common shares indirectly through a spouse and the issuer’s Employees’ Thrift Plan Trust, with any beneficial interest in the Thrift Plan shares expressly disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,151 shares
Net Buy
6 txns
Insider
Stark Eugene S
Role
VP Administration/CCO/PFO
Bought
6,151 shs ($153K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 1,151 | $24.92 | $29K |
| Purchase | 5.95% Preferred Stock | 5,000 | $24.85 | $124K |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 46,000 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 purchase 1: 1,151 shares at $24.92
Preferred purchase 2: 5,000 shares at $24.85
Total preferred shares bought: 6,151 shares
+3 more
6 metrics
Preferred purchase 1
1,151 shares at $24.92
5.95% Preferred Stock open-market purchase on April 8, 2026
Preferred purchase 2
5,000 shares at $24.85
5.95% Preferred Stock open-market purchase on April 8, 2026
Total preferred shares bought
6,151 shares
Aggregate 5.95% Preferred Stock purchases in this Form 4
Direct preferred holdings
34,000 shares
5.95% Preferred Stock directly owned after purchases
Direct common holdings
10,000 shares
GAM common stock directly owned as of April 8, 2026
Indirect common holdings via Thrift Plan
101,303 shares
GAM common stock held by Employees’ Thrift Plan Trust; beneficial interest disclaimed
Key Terms
open-market purchase, indirect ownership, beneficial interest, Employees' Thrift Plan Trust, +1 more
5 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of preferred stock"
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.
indirect ownership financial
"entries show indirect ownership coded as I, including spouse and Thrift Plan holdings"
beneficial interest financial
"footnote states the undersigned disclaims any beneficial interest in Thrift Plan 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.
Employees' Thrift Plan Trust financial
"footnote identifies shares held by Issuer's Employees' Thrift Plan Trust"
5.95% Preferred Stock financial
"security title for the preferred shares acquired and held by the officer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eugene S. Stark buy in this Form 4 for GENERAL AMERICAN INVESTORS (GAM)?
Eugene S. Stark bought additional shares of GENERAL AMERICAN INVESTORS’ 5.95% Preferred Stock. He made two open-market purchases totaling 6,151 shares, increasing his direct preferred holdings while showing continued personal exposure to the company’s preferred securities.
What are Eugene S. Stark’s holdings in GAM’s 5.95% Preferred Stock after these purchases?
After these trades, Eugene S. Stark directly holds 34,000 shares of GAM’s 5.95% Preferred Stock. The Form 4 also lists additional preferred shares held in other accounts, including those attributed to his spouse, reflecting multiple ownership channels.
What type of transaction code appears on Eugene S. Stark’s Form 4 for GAM?
The purchases of 5.95% Preferred Stock use transaction code “P,” indicating open-market or private purchase transactions. Additional entries marked as holdings update his direct and indirect positions in both preferred and common shares without recording new buy or sell activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
