Form 4: Director JoEllen Legg Acquires REAVES UTILITY INCOME FUND Shares

Director JoEllen Legg reported a transaction involving the acquisition of 580 common shares of beneficial interest in REAVES UTILITY INCOME FUND (UTG) on June 24, 2026.

Summary

• Director JoEllen Legg acquired 580 common shares of beneficial interest in REAVES UTILITY INCOME FUND (UTG) on June 24, 2026.
• The acquisition was made at a price of $42.62 per share.
• Following this transaction, JoEllen Legg beneficially owns 4,095.76 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to the insider purchase, which can signal confidence, but it does not provide new financial performance data.

Positives

• Director JoEllen Legg's acquisition of shares indicates a potential belief in the company's future performance or value.
• The purchase of 580 shares at $42.62 per share suggests a direct investment by a key insider.

Future Outlook

No specific forward-looking statements or guidance are present in this filing.

Industry Context

StockSavvy.ai notes that insider buying, such as this acquisition by Director JoEllen Legg, can sometimes be interpreted as a positive signal by the market, suggesting confidence in the company's prospects within the utility income fund sector.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive indicator of confidence in the fund's future value.
• The transaction does not immediately impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

REAVES UTILITY INCOME FUND, UTG, Form 4, Insider Transaction, Director, Share Acquisition, Beneficial Ownership