Form 4: Spencer Davidson Reports Changes in Beneficial Ownership of General American Investors Co Inc (GAM)

Spencer Davidson, a director and Chairman of General American Investors Co Inc, reports changes in beneficial ownership of common stock and preferred stock due to ceasing to serve as a trustee.

Summary

• On April 2, 2024, Spencer Davidson reported changes in his beneficial ownership of General American Investors Co Inc (GAM) securities.
• The changes involve common stock and 5.95% preferred stock.
• Davidson no longer serves as a Trustee.
• Davidson directly owns 1,422,966 shares of common stock, 4,548 shares in an IRA account, and indirectly owns 14,745 shares through various trusts.
• He directly owns 98,645 shares of 5.95% preferred stock, 1,000 shares in an IRA account, and indirectly owns 37,599 shares through various trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates changes in Davidson's holdings, which may be of interest to investors.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership reported by a director and Chairman.

Key Dates