CONTINENTAL GENERAL INSURANCE CO 4
4 · Alpha Metallurgical Resources, Inc. · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Alpha Metallurgical (AMR) Director Michael Gorzynski Receives Award
What Happened
- Michael Gorzynski, a director of Alpha Metallurgical Resources, was granted a derivative award (stock option) for 3,126 shares on May 6, 2026. The grant is reported at a per‑share value of $111.02, totaling $347,049. This was an award/acquisition (derivative) rather than a market purchase or sale.
Key Details
- Transaction date and terms: 2026-05-06; 3,126 shares @ $111.02 each; reported value $347,049. (Derivative award)
- Vesting: The grant is a stock option that "will vest in full on May 5, 2027" (Footnote F6).
- Beneficial ownership after transaction: The filing does not list exact post‑transaction share totals for Mr. Gorzynski individually; the reporting persons collectively are disclosed as beneficially owning >10% of the company (see footnotes).
- Filing timeliness: Form 4 filed 2026-05-08 for a 2026-05-06 transaction — appears to be filed within the standard two business‑day window.
- Notable footnotes: The Form 4 is filed jointly by multiple related entities and Mr. Gorzynski (F1–F5). The award is director compensation (F6). Several related entities (insurance and holding companies, and an investment manager) are involved and disclaimers note ownership is reported to the extent of pecuniary interest.
Context
- This was a stock‑option grant (derivative award) for director service, not an exercise or sale, so no shares were immediately sold or purchased in the open market. Because Mr. Gorzynski and affiliated entities are part of a group that beneficially owns more than 10% of AMR, the filing reflects both director compensation and holdings tied to related entities rather than only a standalone executive trade.
Insider Transaction Report
Form 4
Gorzynski Michael
Director10% OwnerOther
Transactions
- Award
Non-statutory Stock Option (right to buy)
[F6]2026-05-06$111.02/sh+3,126$347,049→ 3,126 totalExercise: $188.52From: 2027-05-05Exp: 2036-05-06→ Common Stock, $0.01 par value per share (3,126 underlying)
Holdings
- 644,025(indirect: By Continental General Insurance Company)
Common Stock, $0.01 par value per share
[F1][F2] - 787,097(indirect: By LLC)
Common Stock, $0.01 par value per share
[F1][F3] - 1,691(indirect: By MG Capital Management, Ltd.)
Common Stock, $0.01 par value per share
[F1][F4] - 4,486(indirect: By Spouse)
Common Stock, $0.01 par value per share
[F1][F5] - 5,713
Common Stock, $0.01 par value per share
[F1]
Footnotes (6)
- [F1]This Form 4 is filed jointly by Percy Rockdale LLC ("Percy Rockdale"), MG Capital Management, Ltd. ("MG Capital Management"), Continental General Insurance Company ("CGIC"), Continental Insurance Group, Ltd. ("CIG"), Continental General Holdings LLC ("CGH") and Michael Gorzynski (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that collective beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Represents securities directly held by CGIC. CIG serves as the parent operating company of CGIC. CGH serves as an investment holding company and the sole owner of CIG. Mr. Gorzynski serves as the Manager of CGH. By virtue of the foregoing relationships, each of CIG, CGH and Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by CGIC.
- [F3]Represents securities directly held by Percy Rockdale. As the sole Manager of Percy Rockdale, Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by Percy Rockdale.
- [F4]Represents securities directly held by MG Capital Management. As the sole Director of MG Capital Management, Mr. Gorzynski may be deemed to beneficially own the securities reported herein as beneficially owned directly by MG Capital Management.
- [F5]Represents securities directly held by Mr. Gorzynski's wife. Mr. Gorzynski disclaims beneficial ownership of the securities reported herein as beneficially owned directly by his wife except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Gorzynski is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F6]Represents a stock option grant in connection with Mr. Gorzynski's service as a director. This grant will vest in full on May 5, 2027.