GAM (NYSE: GAM) CEO boosts 5.95% preferred stake with new buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL AMERICAN INVESTORS CO INC President & CEO Jeffrey W. Priest reported an open-market purchase of 5,000 shares of the company’s 5.95% Preferred Stock at $24.685 per share. After this transaction, his directly held 5.95% Preferred position rose to 40,691 shares.
He also reports 45,611 shares of GAM common stock held directly, along with additional common and preferred shares held indirectly through a parent, a power-of-attorney arrangement, and the issuer’s Employees’ Thrift Plan Trust, where he has dispositive power but disclaims any beneficial interest in those indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($123,425)
Net Buy
7 txns
Insider
Priest Jeffrey W
Role
President & CEO
Bought
5,000 shs ($123K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 5.95% Preferred Stock | 5,000 | $24.685 | $123K |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | GAM | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
| holding | 5.95% Preferred Stock | -- | -- | -- |
Holdings After Transaction:
5.95% Preferred Stock — 40,691 shares (Direct);
GAM — 45,611 shares (Direct);
GAM — 34,592 shares (Indirect, By Parent);
5.95% Preferred Stock — 7,739 shares (Indirect, By Parent)
Footnotes (1)
- Mr. Priest has dispositive power but disclaims any beneficial interest in these shares. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.
Key Figures
Preferred shares bought: 5,000 shares
Purchase price: $24.685 per share
Direct 5.95% Preferred holdings: 40,691 shares
+5 more
8 metrics
Preferred shares bought
5,000 shares
5.95% Preferred Stock open-market purchase
Purchase price
$24.685 per share
Price for 5.95% Preferred Stock on transaction date
Direct 5.95% Preferred holdings
40,691 shares
Total 5.95% Preferred Stock after purchase
Direct GAM common holdings
45,611 shares
Common stock owned directly after reported date
Indirect GAM common by Parent
34,592 shares
Indirect common stock holding by Parent entity
Indirect GAM common by Power of Attorney
78,756 shares
Indirect common stock via Power of Attorney
Indirect GAM common by Thrift Plan Trust
25,754 shares
Common stock in Issuer’s Employees’ Thrift Plan Trust
Indirect 5.95% Preferred by Parent
7,739 shares
Preferred stock held indirectly by Parent
Key Terms
open-market purchase, 5.95% Preferred Stock, dispositive power, beneficial interest, +2 more
6 terms
open-market purchase financial
"reported an open-market purchase of 5,000 shares of the company’s 5.95% Preferred Stock"
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.
5.95% Preferred Stock financial
"5,000 shares of the company’s 5.95% Preferred Stock at $24.685 per share"
dispositive power financial
"Mr. Priest has dispositive power but disclaims any beneficial interest in these shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial interest financial
"dispositive power but disclaims any beneficial interest in these shares"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
Power of Attorney financial
"held indirectly through a parent, a power-of-attorney arrangement, and the issuer’s Employees’ Thrift Plan Trust"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
Employees’ Thrift Plan Trust financial
"By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares"
