Ernest Rady, Founder of American Assets Trust, Buys $3.7 Million Worth of Shares
Ernest S. Rady, founder and Executive Chairman of American Assets Trust (NYSE: AAT), purchased approximately 166,600 shares at a weighted average price of $22.45 per share for a total transaction value of $3.7 million, according to an SEC Form 4 filing. The acquisition was made slightly above the recent market close and adds to Rady's existing stake in the company, which is largely held through various trusts and entities such as the Ernest Rady Trust and American Assets Insurance Company. Post-transaction, he holds a total of approximately 14.4 million shares with an estimated value of $322.30 million. This move signals confidence from one of AAT's longest-serving executives in its long-term prospects. The company operates as a diversified real estate investment trust (REIT) focused on premium office, retail, and residential properties across high-barrier markets.
Tickers: $AAT
Topics: executive_transaction stock_purchase