Form 4: Director Jacob E. Hemmer Increases Stake in STEW

Director Jacob E. Hemmer acquired 5,000 shares of SRH Total Return Fund, Inc. (STEW) at a price of $17.53 per share.

Summary

• Director Jacob E. Hemmer purchased 5,000 shares of common stock in SRH Total Return Fund, Inc. (STEW).
• The transaction occurred on May 21, 2026, at a price of $17.53 per share.
• Following this transaction, the reporting person beneficially owns 10,000 shares indirectly through an irrevocable trust.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as director-level insider buying typically reflects confidence in the long-term value of the fund.

Positives

• Insider confidence is demonstrated by the director's purchase of company shares.
• The acquisition increases the director's indirect beneficial ownership to 10,000 shares.

Negatives

• None identified.

Risks

• Market risk associated with the underlying value of the fund's portfolio holdings.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that insider buying in closed-end funds or investment vehicles often signals management's belief that the fund's net asset value (NAV) is trading at an attractive discount.

Comparison to Industry Standards

• Insider purchases by directors are generally viewed as a positive signal of alignment with shareholder interests compared to industry peers where insider activity may be stagnant.

Related Party Transactions

• The shares are held in an irrevocable trust where the reporting person is the sole beneficiary but not the trustee.

Stakeholder Impact

• Shareholders may interpret this purchase as a sign of internal confidence in the fund's performance.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

STEW, SRH Total Return Fund, Insider Trading, Form 4, Director Purchase