Form 4: GAM CEO Reports Planned Stock Transactions

Jeffrey W. Priest, President & CEO of General American Investors Co Inc, reported an acquisition of 1,225 common shares and a disposition of 22,696 common shares under a Rule 10b5-1 plan.

Summary

• Jeffrey W. Priest, President & CEO, reported changes in his beneficial ownership of General American Investors Co Inc (GAM) securities.
• On April 30, 2025, 1,225 shares of Common Stock were acquired indirectly through the Issuer's Employees' Thrift Plan at prevailing market prices.
• On October 3, 2025, 22,696 shares of Common Stock were disposed of indirectly through the Issuer's Employees' Thrift Plan via a financial settlement at a price of $62.84 per share.
• The reported transactions were made pursuant to a Rule 10b5-1(c) trading plan.
• Following these transactions, Mr. Priest directly owns 45,611 shares of Common Stock and 10,572 shares of 5.95% Preferred Stock.
• Indirect holdings include 34,592 Common Stock shares and 7,739 Preferred Stock shares by Parent, 78,756 Common Stock shares and 19,502 Preferred Stock shares by Power of Attorney, and 22,696 Common Stock shares by the Issuer's Employees' Thrift Plan Trust.
• Mr. Priest disclaims beneficial interest in all indirectly held shares.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, including both an acquisition and a disposition. The disposition was part of a pre-arranged 10b5-1 plan, which typically reduces negative sentiment associated with insider sales. The acquisition, though smaller, adds a slightly positive note.

Positives

• Acquisition of 1,225 Common Stock shares on April 30, 2025, through the Employees' Thrift Plan.

Negatives

• Disposition of 22,696 Common Stock shares on October 3, 2025, from the Employees' Thrift Plan at $62.84 per share.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Jeffrey W. Priest's indirect holdings include shares held by Parent, by Power of Attorney, and through the Issuer's Employees' Thrift Plan Trust. He disclaims beneficial interest in these indirectly held shares.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is a routine disclosure of insider stock transactions, largely pre-planned.

Key Dates

Keywords

GAM, General American Investors, Jeffrey Priest, Insider Trading, Form 4, Stock Transaction, Rule 10b5-1, Common Stock, Preferred Stock, CEO