UTG Inc CEO buys 1,000 shares at $59.75
UTG INC (UTGN) reported that Chairman, CEO and ten percent owner Jesse T. Correll, through First Southern Funding, LLC, purchased 1,000 shares of common stock on 2026-08-27 at $59.75 per share, bringing that entity’s indirect holdings to 497,615 shares.
Rhea-AI Filing Summary
UTG INC (UTGN) reported that Chairman, CEO and ten percent owner Jesse T. Correll, through First Southern Funding, LLC, purchased 1,000 shares of common stock on 2026-08-27 at $59.75 per share, bringing that entity’s indirect holdings to 497,615 shares. He also reports 81,562 directly held common shares, additional indirect holdings through WCorrell, Limited Partnership, First Southern Bancorp, Inc., and First Southern Holdings, LLC, and stock options on 15,000 shares of common stock at an exercise price of $48.40 expiring on 2030-09-04. In each case he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
6 txns
Insider
CORRELL JESSE T
Role
Chairman & CEO
Bought
1,000 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 1,000 | $59.75 | $60K |
| holding | Stock Options F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 497,615 shares (Indirect, By First Southern Funding, LLC);
Stock Options — 15,000 contracts (Direct);
Common Stock — 81,562 shares (Direct);
Common Stock — 72,750 shares (Indirect, By WCorrell, Limited Partnership);
Common Stock — 204,909 shares (Indirect, By First Southern Bancorp, Inc.);
Common Stock — 1,201,876 shares (Indirect, By First Southern Holdings, LLC.)
Footnotes (5)
- F1. The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2. The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3. The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F4. The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F5. These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan. The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the Reporting Person's continuing service through each such date.
Key Figures
Shares purchased: 1,000 shares of Common Stock
Purchase price per share: $59.75 per share
Indirect holdings via First Southern Funding, LLC: 497,615 shares of Common Stock
+5 more
8 metrics
Shares purchased
1,000 shares of Common Stock
Purchase on 2026-08-27 by First Southern Funding, LLC
Purchase price per share
$59.75 per share
1,000-share common stock purchase on 2026-08-27
Indirect holdings via First Southern Funding, LLC
497,615 shares of Common Stock
Total indirect shares following the 2026-08-27 purchase
Direct common stock holdings
81,562 shares of Common Stock
Direct ownership reported as of 2026-08-27
Stock option exercise price
$48.40 per share
Options on 15,000 underlying UTG INC common shares
Underlying shares for stock options
15,000 shares of Common Stock
Options expiring on 2030-09-04, held directly
Stock option expiration date
2030-09-04
Expiration of options on 15,000 shares at $48.40
Indirect holdings via First Southern Holdings, LLC
1,201,876 shares of Common Stock
Indirect ownership reported through First Southern Holdings, LLC
Key Terms
indirect ownership, pecuniary interest, Stock Options, vest in 5 equal installments, +1 more
5 terms
indirect ownership financial
"The filing reports indirect ownership through entities such as First Southern Funding, LLC"
pecuniary interest financial
"The reporting person disclaims beneficial ownership... except to the extent of his pecuniary interest"
Stock Options financial
"These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
vest in 5 equal installments financial
"The options vest in 5 equal installments on each of the first five anniversaries"
ten percent owner regulatory
"The reporting person is identified as a ten percent owner of UTG INC"
FAQ
What did UTGN insider Jesse T. Correll do in this Form 4 filing?
He reported that First Southern Funding, LLC purchased 1,000 UTGN common shares on 2026-08-27 at $59.75 per share, increasing that entity’s reported indirect holdings to 497,615 shares. He reports these as indirectly owned and disclaims beneficial ownership beyond his pecuniary interest.
What direct UTGN holdings does Jesse T. Correll report in this Form 4?
He reports 81,562 shares of UTG INC common stock as directly owned. Additional common stock positions are reported as indirect holdings through WCorrell, Limited Partnership, First Southern Bancorp, Inc., and First Southern Holdings, LLC, each with a disclaimer of beneficial ownership beyond his pecuniary interest.
What stock options on UTGN does Jesse T. Correll report holding?
He reports stock options exercisable for 15,000 shares of UTG INC common stock at an exercise price of $48.40 per share, expiring on 2030-09-04. These options were granted under the 2025 Stock Option Plan and vest in five equal annual installments.
Were the UTGN transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming plan use (aff_10b5_one is false), and the footnotes do not state that the 1,000-share purchase was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
