4/A: GAM Director Amends Preferred Stock Sale Filing

General American Investors Co. Inc. Director Arthur G. Altschul Jr. filed an amended Form 4 to correct a typo regarding his preferred stock holdings.

Summary

• Director Arthur G. Altschul Jr. filed an amended Form 4/A to correct a typo in a previous filing.
• The amendment specifically addresses an error in the reported holdings of Series B 5.95% Preferred Stock.
• The original transaction involved the sale of 2,000 shares of Series B 5.95% Preferred Stock on April 8, 2025.
• These shares were sold at a price of $24.6158 per share, totaling $49,231.60.
• Following the corrected transaction, Mr. Altschul indirectly beneficially owns 22,400 shares of Series B 5.95% Preferred Stock.
• He also indirectly beneficially owns 11,487 shares of Common Stock and an additional 4,908 shares of Common Stock through various family trusts.

Sentiment

Score: 5

Explanation: The filing is an amendment to correct a typo in an insider transaction report. It does not reflect on the company's operational performance or future prospects, thus maintaining a neutral sentiment.

Positives

• The amendment ensures the accuracy of public records regarding the director's beneficial ownership, improving transparency and compliance.

Negatives

• The initial filing contained a typo regarding the director's holdings, necessitating this amendment.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The filing details a transaction by Arthur G. Altschul Jr., a director and 10% owner, which constitutes an insider transaction.

Stakeholder Impact

• Minimal impact on shareholders as this is a correction to a director's personal transaction and not indicative of company performance.

Key Dates

Keywords

General American Investors, GAM, Arthur G. Altschul Jr., Form 4/A, Insider Transaction, Preferred Stock, Beneficial Ownership, Director Transaction