Eugene S. Stark, who serves as VP Administration/CCO/PFO at General American Investors Co Inc (NYSE:GAM), reported two insider purchases of the company’s 5.95% Preferred Stock late this month. Stark acquired 200 preferred shares on March 27, 2026 at $24.92 per share, then added 638 preferred shares on March 30, 2026 at $24.95 per share.
The two transactions represent a combined outlay of $20,902, with execution prices spanning from $24.92 to $24.95 per share. The purchases increase Stark’s direct holdings in the 5.95% Preferred Stock to 27,849 shares.
In addition to his direct preferred holdings, Stark has indirect preferred exposure via an IRA account that holds 12,000 shares, and his spouse is reported to have 4,000 preferred shares in an IRA account. On the common stock side, Stark directly holds 10,000 shares of GAM common stock and retains indirect exposure through 101,303 shares held by a Thrift Plan Trust.
At the time of the filings, General American Investors’ common shares were trading at $56.97 and carried a dividend yield of 11.23%. According to InvestingPro, the company has maintained dividend payments for 54 consecutive years; InvestingPro is also noted as tracking eight additional key insights about the investment firm’s financial health.
The reported purchases were recorded as transactions in the 5.95% Preferred Stock series of General American Investors. The filings specify the dates, quantities, and per-share prices for each trade, along with the resulting changes to Stark’s direct and indirect holdings across preferred and common share categories.
The transactions and holdings reported here provide a snapshot of one senior executive’s recent activity in both preferred and common instruments of the company. The purchases were relatively modest in dollar terms compared with institutional holdings but are recorded alongside the firm’s wider yield and dividend history metrics disclosed above.
Holdings summary (post-transactions)
- Direct preferred shares: 27,849
- Indirect preferred shares (IRA): 12,000
- Spouse's preferred shares (IRA): 4,000
- Direct common shares: 10,000
- Indirect common shares (Thrift Plan Trust): 101,303