UTG Inc (UTGN) affiliate buys 4,850 shares at $54.96 in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UTG Inc board member and Chairman & CEO Jesse T. Correll reported updated holdings, including an indirect open-market purchase of 4,850 shares of common stock at $54.96 per share on May 18, 2026 by First Southern Funding, LLC.
Following this transaction, First Southern Funding, LLC holds 491,807 UTG Inc common shares indirectly linked to Correll, who is its President and Manager and disclaims beneficial ownership beyond his pecuniary interest. Other reported indirect holdings include shares held through First Southern Holdings, LLC, First Southern Bancorp, Inc., and WCorrell, Limited Partnership, plus 81,562 shares held directly.
The filing also shows 15,000 stock options with an exercise price of $48.40 per share, granted on September 4, 2025 under the 2025 Stock Option Plan. These options vest in five equal annual installments and expire on September 4, 2030, indicating a continuing long-term equity incentive position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,850 shares ($266,556)
Net Buy
6 txns
Insider
CORRELL JESSE T
Role
Chairman & CEO
Bought
4,850 shs ($267K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,850 | $54.96 | $267K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 491,807 shares (Indirect, By First Southern Funding, LLC);
Stock Options — 15,000 shares (Direct, null);
Common Stock — 81,562 shares (Direct, null)
Footnotes (1)
- 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. 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. 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. 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. 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
Open-market purchase: 4,850 shares
Purchase price: $54.96/share
Indirect holdings via First Southern Funding, LLC: 491,807 shares
+4 more
7 metrics
Open-market purchase
4,850 shares
Common Stock bought May 18, 2026
Purchase price
$54.96/share
Price for 4,850-share open-market buy
Indirect holdings via First Southern Funding, LLC
491,807 shares
Total common shares after transaction
Direct common share holdings
81,562 shares
Shares held directly by Correll
Stock options held
15,000 options
Options on common stock under 2025 Stock Option Plan
Option exercise price
$48.40/share
Exercise price for 15,000 options
Option expiration
September 4, 2030
Expiration date of 15,000 options
Key Terms
open-market purchase, pecuniary interest, Stock Option Plan, vest in 5 equal installments, +1 more
5 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
pecuniary interest financial
"disclaims beneficial ownership... except to the extent of his pecuniary interest"
Stock Option Plan financial
"pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan"
A stock option plan is a company program that gives employees the right to buy company shares at a preset price after a certain time, like a coupon allowing purchase later at a fixed rate. It matters to investors because these options can increase the number of shares outstanding — reducing each existing share’s ownership slice and potentially changing per-share results — while also aligning employee incentives with boosting the company’s value.
vest in 5 equal installments financial
"options vest in 5 equal installments on each of the first five anniversaries"
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did UTGN report for Jesse T. Correll?
UTG Inc reported an indirect open-market purchase of 4,850 common shares at $54.96 per share on May 18, 2026 by First Southern Funding, LLC, an entity associated with Chairman & CEO Jesse T. Correll.
What stock options for UTGN does Jesse T. Correll hold?
Correll holds 15,000 stock options on UTG Inc common stock with a $48.40 exercise price, granted on September 4, 2025. These options vest in five equal annual installments and expire on September 4, 2030.
Is the reported UTGN transaction an open-market purchase or another type of trade?
The Form 4 identifies the 4,850-share transaction as an open-market purchase, coded “P.” This indicates shares were bought on the market or in a private transaction at $54.96 per share.