SEC Form 4 · accession 0000832480-26-000026
UTG INC · UTGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jesse T Correll
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Aug 27, 2026
Accepted (ET)
Aug 28, 2026 · 1:57 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000832480
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 27, 2026 | P | 1,000 | $59.75 | A | 497,615 | I | By First Southern Funding, LLC |
| Common Stock | holding | — | — | — | 81,562 | D | ||
| Common StockF2 | holding | — | — | — | 72,750 | I | By WCorrell, Limited Partnership | |
| Common StockF3 | holding | — | — | — | 204,909 | I | By First Southern Bancorp, Inc. | |
| Common StockF4 | holding | — | — | — | 1,201,876 | I | By First Southern Holdings, LLC. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $48.40 | holding | — | — | — | — | Sep 4, 2030 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F4The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F5These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan. The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the Reporting Person's continuing service through each such date.