American Assets Trust Executive Chairman Rady Buys ~100,000 Shares
Ernest S. Rady, Executive Chairman of American Assets Trust (NYSE:AAT), purchased approximately 100,000 shares at $22.54 per share in a transaction valued at around $2.3 million. The purchase was disclosed via an SEC Form 4 filing and reflects continued confidence from the company's founder in its long-term prospects. Rady now holds about 66,680 shares directly and approximately 14.2 million indirectly through various trusts and entities he controls. This acquisition increased his total beneficial ownership by roughly 0.71%, with a post-transaction valuation of $318.99 million based on the August 28 market close. The transaction occurred at a price slightly above AAT's closing share value, signaling potential optimism about its stock performance and strategic direction in premium real estate markets.
Tickers: $AAT
Topics: insider buying ownership structure stock transactions