Gam CEO Jeffrey Priest buys $93,840 of preferred stock

General American Investors Co Inc (GAM) CEO Jeffrey W. Priest purchased 4,000 shares of the company's 5.95% Preferred Stock on September 18, 2026. The purchase amounted to $93,840, with each share bought at $23.46. At the time of the transaction, GAM's common stock was trading at $64.94 and offered a dividend yield of 9.84%. According to InvestingPro Tips, the company has a history of maintaining dividend payments for 54 consecutive years, making a significant contribution to shareholders.

The stock has generated a 17% return over the past year, and InvestingPro offers six additional exclusive tips for investors. Following this transaction, Priest now holds a total of 44,691 shares of the 5.95% Preferred Stock, directly and indirectly. He also maintains indirect holdings through a parent entity and power of attorney, disclaiming any beneficial interest.

Priest's beneficial ownership of GAM's common stock includes 45,611 shares held directly, while indirect holdings are valued at 34,592 shares through a parent entity and 78,756 shares through power of attorney, both of which he disclaims any beneficial interest in. Additional shares held indirectly by the Issuer's Employees’ Thrift Plan Trust amount to 25,754 shares, also disclaimed by Priest.