Nuveen Real Asset (NYSE: JRI) officer exercises rights to acquire 1,968 shares
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
Net Buyer: 1,968 shares
Net Buy
1 txn
Insider
LAMB DAVID J
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Common Stock | 1,968 | $12.40 | $24K |
Holdings After Transaction:
Common Stock — 9,917.2069 shares (Direct)
Footnotes (1)
- F1. Represents shares acquired upon exercise of subscription rights allocated to the reporting person in the prorata rights offering conducted by the issuer. The acquisition of the rights by the reporting person was exempt from Section 16 by virtue of rule 16a-9(b) and the acquisition of shares by the reporting person upon exercise of the rights was exempt from Section 16(b) by virtue of Section 16(b)-6(b).
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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.