RADY ERNEST S 4
4 · American Assets Trust, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
American Assets Trust (AAT) 10% Owner Ernest Rady Buys Stock
What Happened
Ernest S. Rady, a reported 10% owner of American Assets Trust (AAT), acquired a total of 100,528 AAT shares in open-market purchases on May 15 and May 18, 2026. Transactions reported: 29,360 shares at $20.79 ($610,394) on May 15; 68,768 shares at $21.00 ($1,444,128) and 2,400 shares at $21.00 ($50,400) on May 18. Combined consideration for these purchases was approximately $2,104,922. These were purchases (not sales), which insiders’ buys are often viewed as a more informative—potentially bullish—signal than routine sales.
Key Details
- Dates and prices: May 15, 2026 — 29,360 shares @ $20.79; May 18, 2026 — 68,768 shares @ $21.00 and 2,400 shares @ $21.00.
- Total shares bought: 100,528; approximate total cost: $2.10M.
- Transaction type: P = Purchase (open market or private purchase as reported).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: Several footnotes (F1–F7) indicate many AAT shares are held by entities Rady controls—Rady Foundation, trusts (including Ernest Rady Trust and Evelyn Shirley Rady Trust), American Assets, Inc., insurance companies he controls, and an IRA. The reporting person disclaims beneficial ownership of those entity-held shares except to the extent of his pecuniary interest; he is trustee for some trusts.
- Filing timeliness: Form filed May 18, 2026 reporting trades on May 15 and May 18; filing appears timely (within required business-day window).
Context
- As a 10% owner, Rady is a large shareholder rather than an ordinary executive; his purchases reflect changes in a major stakeholder’s position rather than routine insider compensation transactions.
- These were straightforward purchases (no option exercises, gifts, or awards reported). There is no information in the excerpt about any planned trading program (e.g., 10b5-1) or related sales.
For retail investors, consider this entry by a major shareholder as a data point, but combine it with broader company fundamentals and market context before drawing investment conclusions.
Insider Transaction Report
- Purchase
Common Stock, par value $0.01
[F1]2026-05-15$20.79/sh+29,360$610,394→ 1,209,021 total(indirect: By RF) - Purchase
Common Stock, par value $0.01
[F2]2026-05-18$21.00/sh+68,768$1,444,128→ 8,183,333 total(indirect: By ERT) - Purchase
Common Stock, par value $0.01
[F3]2026-05-18$21.00/sh+2,400$50,400→ 102,859 total(indirect: By ESRT)
- 2,267,022(indirect: By AAI)
Common Stock, par value $0.01
[F4] - 1,275,336(indirect: By ICW)
Common Stock, par value $0.01
[F5] - 200,000(indirect: By EIC)
Common Stock, par value $0.01
[F6] - 66,680
Common Stock, par value $0.01
[F7]
Footnotes (7)
- [F1]Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F2]Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F4]Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F5]Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F6]Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F7]Represents shares held by Ernest Rady IRA.