Legg JoEllen 4

What Happened JoEllen Legg, a director of REAVES UTILITY INCOME FUND (UTG), reported a purchase of 580 shares on 2026-06-24. The transaction was reported as a purchase (code P) at $42.62 per share, for a total acquisition value of $24,720. This is an outright buy (open market or private purchase as reported).

Key Details

• Transaction date and price: 2026-06-24 at $42.62 per share.
• Shares acquired: 580 — total cost $24,720.
• Transaction code: P (purchase); filing lists it as open market or private purchase.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes / special plans: No 10b5-1 plan, tax withholding, or other footnotes indicated in the supplied data.
• Filing timeliness: Form 4 filed 2026-06-25 (next day), which is timely under standard Form 4 rules.

Context This was a straight purchase by an insider (a director). Purchases can be more informative to investors than routine sales, but a single transaction does not by itself indicate company performance or future stock movement. The filing contains no additional qualifiers (e.g., option exercise, gift, or 10% owner status).