Eugene S. Stark, who serves as VP Administration/CCO/PFO at General American Investors Co Inc (NYSE:GAM), reported a recent purchase of 11 shares of the company's 5.95% Preferred Stock at a per-share price of $24.95. The total cost of the transaction was $274, according to a Form 4 filing with the Securities and Exchange Commission covering activity on March 20, 2026.
The filing documents Stark's wider holdings in the issuer. After the March 20 transaction, Stark directly holds 27,011 shares of the 5.95% Preferred Stock. The filing also lists indirect holdings of 12,000 preferred shares in an IRA account, 4,000 preferred shares held by a spouse, and 101,303 preferred shares held by the Issuer's Employees' Thrift Plan Trust. In addition to preferred-stock positions, the filing shows Stark directly owns 10,000 common shares of GAM.
At the time of the report, GAM's common stock was trading at $59.82 and carried a dividend yield of 10.83%. The company is noted for a long-standing record of dividend payments, having made distributions for 54 consecutive years, as reported by InvestingPro.
Transaction details
- Insider: Eugene S. Stark, VP Administration/CCO/PFO
- Security purchased: 5.95% Preferred Stock
- Shares acquired: 11
- Price per share: $24.95
- Total transaction value: $274
- Filing date: March 20, 2026 (Form 4)
Reported holdings following the trade
- Direct ownership of preferred: 27,011 shares
- Indirect preferred holdings: 12,000 shares (IRA), 4,000 shares (spouse), 101,303 shares (Employees' Thrift Plan Trust)
- Direct common shares: 10,000
The filing situates the small, recent preferred purchase within a broader ownership profile for Stark. The disclosure also coincides with market data showing GAM's common stock price and stated dividend yield. The note on a 54-year streak of dividend payments is presented as a historical record of distributions, as reported by InvestingPro.
Information in the Form 4 provides a snapshot of the purchase and Stark's holdings but does not include commentary on motive or future company actions. The filing and market figures make clear the size of the most recent transaction relative to Stark's aggregate positions.