CORRELL JESSE T 4
4 · UTG INC · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
UTG (UTGN) 10% Owner Jesse T. Correll Buys 4,850 Shares
What Happened Jesse T. Correll, a 10% owner (with additional roles disclosed in footnotes), reported an open-market/private purchase of 4,850 UTG Inc. (UTGN) shares on May 18, 2026. The shares were acquired at $54.96 per share for a total reported outlay of $266,556. This was an acquisition (purchase) rather than a sale.
Key Details
- Transaction date: 2026-05-18; Report filed: 2026-05-20 (timely filing).
- Transaction type/code: Open market or private purchase (P).
- Shares purchased: 4,850 at $54.96 each; total value ≈ $266,556.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes: Correll is identified as President/Manager of First Southern Funding, managing general partner of WCorrell LP, and Chairman/President of First Southern Bancorp, Inc.; he disclaims beneficial ownership except to the extent of his pecuniary interest (footnotes F1–F4). Footnote F5 references previously granted options (Sept 4, 2025) that vest over five years.
- Filing timeliness: Filed within the Form 4 deadline (not marked late).
Context Purchases by sizable insiders (a 10% owner in this case) can be viewed as a positive signal by some investors since they increase the insider's economic stake, but filings are factual disclosures and do not explain motivation. The filing includes multiple role-based disclaimers of beneficial ownership; treat those as legal clarifications of ownership structure rather than statements about trading intent.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-05-18$54.96/sh+4,850$266,556→ 491,807 total(indirect: By LLC)
- 81,562
Common Stock
- 72,750(indirect: By Partnership)
Common Stock
[F2] - 204,909(indirect: By First Southern Bancorp, Inc.)
Common Stock
[F3] - 1,201,876(indirect: By LLC)
Common Stock
[F4] - 15,000
Stock Options
[F5]Exercise: $48.40Exp: 2030-09-04→ Common Stock (15,000 underlying)
Footnotes (5)
- [F1]The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan. The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the Reporting Person's continuing service through each such date.