First Southern Funding LLC tied to UTG (UTGN) CEO adds 5,162 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UTG Inc. insider activity shows an indirect purchase of 5,162 shares of common stock on March 6, 2026 by First Southern Funding, LLC, an entity associated with Chairman and CEO Jesse T. Correll. The Form 4 describes this as an open-market or private purchase.
Footnotes explain the transaction reflects a redemption of membership interests in First Southern Funding, LLC, which increased Correll’s and his spouse’s membership interest by 1.06%. The acquired UTG shares represent 1.06% of that LLC’s UTG holdings, and no separate price was stated for these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Net Buy
6 txns
Insider
CORRELL JESSE T
Role
Chairman & CEO
Bought
5,162 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,162 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 486,957 shares (Indirect, By First Southern Funding, LLC);
Stock Options — 15,000 shares (Direct);
Common Stock — 81,562 shares (Direct)
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. This transaction is being reported to reflect the redemption by First Southern Funding, LLC of membership interests from one member. On March 6, 2026, First Southern Funding, LLC redeemed a member owning 9.4 units (1.21% interest). This redemption increased the membership interest of the reporting person (and his spouse) by 1.06%. The shares of UTG, Inc. reported as acquired represent 1.06% of the UTG shares owned by First Southern Funding, LLC. No separate price was stated for those shares. 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 (4). 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.
FAQ
What insider transaction did UTG Inc (UTGN) report for March 6, 2026?
UTG Inc reported an indirect purchase of 5,162 shares of common stock on March 6, 2026. The shares were acquired by First Southern Funding, LLC, an entity associated with Chairman and CEO Jesse T. Correll, and are reported as an open-market or private purchase.
How did the membership redemption at First Southern Funding, LLC affect UTG (UTGN) ownership?
On March 6, 2026, First Southern Funding, LLC redeemed a member owning 9.4 units, or a 1.21% interest. This increased Jesse Correll’s and his spouse’s membership interest by 1.06%. The 5,162 UTG shares reported as acquired correspond to that 1.06% change.
What other UTG Inc (UTGN) holdings are associated with Jesse T. Correll?
Post-transaction data show indirect holdings through several entities, including 486,957 UTG shares via First Southern Funding, LLC and 1,201,876 shares via First Southern Holdings, LLC, plus direct holdings and interests through WCorrell, Limited Partnership and First Southern Bancorp, Inc., as disclosed in the positions table.