GENCOR insider reports 2.0M-share gifted position
GENCOR INDUSTRIES INC director and President Marc G. Elliott filed an amended insider report to correct the transaction date and reflect a large gifted position held indirectly.
Rhea-AI Filing Summary
GENCOR INDUSTRIES INC director and President Marc G. Elliott filed an amended insider report to correct the transaction date and reflect a large gifted position held indirectly. The Form 4/A shows a bona fide gift transaction involving 2,022,477 shares of Class B Common Stock on May 1, 2026, reported as an indirect holding "By FLP." A footnote explains that on May 1, 2026, Elliott was assigned interests in E.J. Elliott, LLC, making him the majority member and manager of the LLC, which is the sole general partner of the E.J. Elliott Family Limited Partnership that holds these shares, and he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 2,022,477 | $0.00 | $0.00 |
Footnotes (2)
- F1. On May 5, 2026, the Reporting Person filed a Form 4 (the "Original Form 4") which inadvertently indicated that the date of earliest transaction required to be reported was 05/01/2016. The correct date of earliest transaction required to be reported is 05/01/2026. This amendment is being filed to correct the date of the earliest transaction required to be reported.
- F2. On May 1, 2026, the reporting person was assigned interests in E.J. Elliott, LLC ("LLC") through a bona fide gift, making him the majority member and the manager of LLC, which is the sole general partner of E.J. Elliott Family Limited Partnership ("FLP"). The reporting person disclaims beneficial ownership of these shares held by FLP except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
bona fide gift financial
Family Limited Partnership financial
disclaims beneficial ownership financial
indirect ownership financial
Form 4/A regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GENC director Marc G. Elliott report on this Form 4/A?
Why was this GENC Form 4/A filing submitted as an amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.