Form 4: UTG INC Chairman & CEO Jesse T Correll Sells Shares in First Southern Bancorp, Decreasing Ownership

Jesse T Correll, Chairman & CEO of UTG INC, reports a sale of shares held by First Southern Bancorp, Inc., resulting in a decrease in his percentage ownership.

Summary

• On September 23, 2024, Jesse T Correll, Chairman & CEO of UTG INC, reported a transaction involving the sale of shares held by First Southern Bancorp, Inc.
• The sale involved 11,575 shares of First Southern Bancorp, Inc. at a price of $86.40 per share.
• This transaction decreased his percentage ownership of First Southern Bancorp, Inc. by 0.17%.
• The shares of UTG, Inc. reported as sold represent 0.17% of the UTG shares owned by First Southern Bancorp, Inc.
• Correll disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
• Correll also holds indirect ownership through First Southern Funding, LLC, WCorrell, Limited Partnership, First Southern Bancorp, Inc., and First Southern Holdings, LLC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of share sales. The sale itself could be interpreted as slightly negative, but without further context, it's difficult to assess the overall impact.

Negatives

• Jesse T Correll decreased his ownership in First Southern Bancorp, Inc. by selling 11,575 shares.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when an officer or director of a publicly traded company buys or sells shares in their own company or related entities. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders of First Southern Bancorp, Inc., depending on the reason for the sale and the overall market perception.

Key Dates