Form 4: UTG INC Chairman & CEO Jesse T Correll Acquires Shares
SEC Form 4
Jesse T Correll, Chairman & CEO of UTG INC, reports the acquisition of 86,957 shares of common stock at $40 per share on May 6, 2025.
Summary
- On May 6, 2025, Jesse T Correll, Chairman & CEO of UTG INC [UTGN], acquired 86,957 shares of common stock at a price of $40 per share.
- Following the transaction, Mr. Correll directly owns 81,562 shares.
- Mr. Correll also indirectly owns shares through First Southern Funding, LLC (486,957 shares), WCorrell, Limited Partnership (72,750 shares), First Southern Bancorp, Inc. (204,909 shares), and First Southern Holdings, LLC (1,201,876 shares).
- Mr. Correll disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider purchase can be seen as a positive sign, but the filing itself is a routine regulatory requirement.
Positives
- The Chairman & CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 05/06/2025 | Date of transaction: Acquisition of 86,957 shares of common stock. |
| 05/08/2025 | Date of signature by Attorney-in-Fact. |
Keywords
UTG INC, Jesse T Correll, Form 4, Beneficial Ownership, Stock Acquisition, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.