Nuveen Real Asset (NYSE: JRI) officer exercises rights to acquire 1,968 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nuveen Real Asset Income & Growth Fund Chief Administrative Officer David J. Lamb acquired 1,968 shares of common stock at $12.40 per share by exercising subscription rights in a prorata rights offering. Following this exempt transaction, he directly holds 9,917.2069 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAMB DAVID J
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Common Stock | 1,968 | $12.40 | $24K |
Holdings After Transaction:
Common Stock — 9,917.207 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did JRI officer David J. Lamb report?
David J. Lamb reported acquiring 1,968 JRI common shares by exercising subscription rights in a prorata rights offering at $12.40 per share. The transaction reflects an in-the-money derivative exercise, increasing his direct ownership stake in the fund.
What does the transaction code X mean in the JRI Form 4 filing?
Transaction code X indicates an exercise of an in-the-money or at-the-money derivative security. For JRI, it reflects David J. Lamb exercising subscription rights allocated in a prorata rights offering rather than an open-market purchase or sale of common stock.
Is David J. Lamb’s JRI ownership direct or indirect after this transaction?
His JRI ownership reported in this Form 4 is direct. The filing labels the holdings with a direct ownership code, and no footnote attributes the shares to a separate entity such as a trust or LLC, indicating he holds the shares personally.