UTG Inc CEO buys 4,808 shares at $59 in open market
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Form Type
4
Rhea-AI Filing Summary
UTG INC (UTGN) insider Jesse T. Correll, Chairman, CEO and ten percent owner, reported an indirect open-market purchase of 4,808 shares of Common Stock at $59.00 per share on August 18, 2026, through First Southern Funding, LLC, with 496,615 shares held by that entity afterward. Correll also reports 81,562 shares of Common Stock held directly and additional indirect holdings through several affiliated entities, and maintains stock options for 15,000 shares at an exercise price of $48.40 per share expiring September 4, 2030. Footnotes state he disclaims beneficial ownership of the indirect holdings except to the extent of his pecuniary interest.
Insider Trade Summary
Net Buyer: 4,808 shares
Net Buy
6 txns
Insider
CORRELL JESSE T
Role
Chairman & CEO
Bought
4,808 shs ($284K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 4,808 | $59.00 | $284K |
| holding | Stock Options F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 496,615 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: 4,808 shares
Purchase price: $59.00 per share
Indirect holdings via First Southern Funding, LLC: 496,615 shares
+4 more
7 metrics
Shares purchased
4,808 shares
Indirect purchase of UTG INC Common Stock on August 18, 2026
Purchase price
$59.00 per share
Price paid for 4,808 indirectly purchased Common Stock shares
Indirect holdings via First Southern Funding, LLC
496,615 shares
Common Stock held indirectly after the reported purchase
Direct common stock holdings
81,562 shares
Common Stock held directly by Jesse T. Correll
Stock options underlying shares
15,000 shares
Options on UTG INC Common Stock held directly
Option exercise price
$48.40 per share
Exercise price of stock options expiring September 4, 2030
Option expiration date
September 4, 2030
Expiration of 15,000-share stock option grant
Key Terms
beneficial ownership, pecuniary interest, indirect ownership, 2025 Stock Option Plan
4 terms
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the reported securities except..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"…except to the extent of his pecuniary interest therein."
indirect ownership financial
"Nature of ownership: By First Southern Funding, LLC (indirect)"
2025 Stock Option Plan financial
"These options were granted on September 4, 2025, under the 2025 Stock Option Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UTGN report for Jesse T. Correll on August 18, 2026?
UTGN reported that Jesse T. Correll indirectly purchased 4,808 UTGN common shares at $59.00 each on August 18, 2026. The shares were bought through First Southern Funding, LLC, increasing that entity’s reported holdings to 496,615 shares of UTG INC common stock.
Was the recent UTGN insider purchase by Jesse T. Correll made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, indicating the reported 4,808-share purchase was not designated as pursuant to a Rule 10b5-1 trading plan. The transaction is characterized as a purchase in open market or private transaction.
What direct UTGN stock holdings does Jesse T. Correll report?
Jesse T. Correll reports directly holding 81,562 shares of UTG INC common stock. This is separate from several indirect holdings through entities such as WCorrell, Limited Partnership, First Southern Bancorp, Inc., and First Southern Holdings, LLC noted in the ownership table.
What stock options on UTGN does Jesse T. Correll currently report?
Correll reports stock options on 15,000 UTGN shares with an exercise price of $48.40 per share, expiring on September 4, 2030. A footnote states these options were granted under the 2025 Stock Option Plan and vest in five equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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