Form 4: UTG Inc. Chairman & CEO Jesse T. Correll Boosts Indirect Beneficial Ownership Through LLC Redemption

Jesse T. Correll, Chairman and CEO of UTG Inc., increased his indirect beneficial ownership of the company's common stock by 21,609 shares following a redemption of a member's interest in First Southern Funding, LLC.

Summary

• Jesse T. Correll, who serves as Director, 10% Owner, and Chairman & CEO of UTG Inc. (UTGN), reported a change in his beneficial ownership.
• On May 30, 2025, Mr. Correll acquired 21,609 shares of UTG Inc. Common Stock indirectly through a transaction coded as 'P' (Purchase).
• This acquisition occurred as a result of First Southern Funding, LLC redeeming a member's interest, specifically 44.75 units (5.28% interest).
• The redemption increased Mr. Correll's (and his spouse's) membership interest in First Southern Funding, LLC by 4.44%.
• The 21,609 shares represent 4.44% of the UTG shares owned by First Southern Funding, LLC, and no separate price was stated for these shares.
• Following this transaction, Mr. Correll directly owns 81,562 shares of Common Stock.
• His indirect beneficial ownership includes 486,957 shares through First Southern Funding, LLC, 72,750 shares through WCorrell, Limited Partnership, 204,909 shares through First Southern Bancorp, Inc., and 1,201,876 shares through First Southern Holdings, LLC.
• Mr. Correll disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The increase in beneficial ownership by the Chairman and CEO signals strong insider confidence, which is generally a positive sentiment for investors.

Positives

• The Chairman and CEO, Jesse T. Correll, increased his indirect beneficial ownership in UTG Inc., which can be interpreted as a strong signal of confidence in the company's future prospects and valuation.
• The increase in ownership stems from an internal restructuring (redemption of a member's interest in First Southern Funding, LLC) rather than a market purchase, indicating a strategic consolidation of control or interest.

Industry Context

This Form 4 filing reports an insider transaction, which is specific to the company's executive and ownership structure, and does not directly relate to broader industry trends or competitive dynamics.

Related Party Transactions

• The transaction involves First Southern Funding, LLC, where the reporting person, Jesse T. Correll, is President and Manager. This constitutes a related party transaction as it involves entities under the direct influence or control of the reporting person, leading to an increase in his indirect beneficial ownership.

Stakeholder Impact

• Shareholders may view the increased beneficial ownership by the Chairman and CEO as a positive sign, potentially boosting investor confidence in the company's leadership and future performance.

Key Dates

Recommendation

Keywords

UTG Inc., UTGN, SEC Form 4, insider transaction, beneficial ownership, Jesse T. Correll, Chairman, CEO, common stock, First Southern Funding LLC, redemption, corporate governance