UTG · Insider Trading

Reaves Utility Income Fund

Every open-market purchase and sale reported by UTG officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
29
code P
Sales
1
code S
Reporting Insiders
2
current holders
UTG — Recent Form 4 Transactions (latest 2026-06-26)
FiledInsiderRole TypeSharesValue
2026-06-26 Joseph Burns Rhame III — MIXED +989 +$40.17K
2026-06-25 JoEllen Legg Director Buy +580 +$24.72K
2025-11-12 Joseph Burns Rhame III — J +56 +$2.18K
2025-10-27 Joseph Burns Rhame III — MIXED +3,345 +$124.59K
2025-10-27 Joseph Burns Rhame III — MIXED +3,323 +$123.76K
2024-12-17 JoEllen Legg Director Buy +298 +$9.81K
2024-11-18 JoEllen Legg Director Buy +294 +$9.80K
2024-11-14 Joseph Burns Rhame III — J +803 +$21.91K
2024-10-16 JoEllen Legg Director Buy +300 +$9.79K
2024-09-19 JoEllen Legg Director Buy +310 +$9.82K
2024-03-27 JoEllen Legg Director Buy +1,890 +$50.01K
2023-12-15 Joseph Burns Rhame III — J +525 +$14.04K
2023-10-24 Thomas Michael Grimes — MIXED −15,000 −$353.89K
2023-03-17 Joseph Burns Rhame III — MIXED +2,046 +$55.91K
2023-02-15 Joseph Burns Rhame III — MIXED +1,695 +$50.16K
2022-10-04 Joseph Burns Rhame III — Buy +800 +$22.34K
2022-09-23 Joseph Burns Rhame III — Buy +390 +$11.96K
2022-09-23 Joseph Burns Rhame III — J +319 +$10.66K
2022-09-23 Joseph Burns Rhame III — J +292 +$9.32K
2021-11-05 Thomas W Harmke — MIXED −237 −$8.11K
2020-09-11 Louis Francisco Cimino — Buy +1,000 +$31.61K
2020-03-02 Louis Francisco Cimino — Buy +400 +$12.83K
2020-02-28 Joseph Burns Rhame III — MIXED +194 +$7.12K
2020-02-27 Louis Francisco Cimino — Buy +400 +$14.74K
2020-01-02 Joseph Burns Rhame III — MIXED +232 +$8.63K
2019-08-05 Joseph Burns Rhame III — MIXED +2,188 +$79.05K
2019-07-08 Rowland Otto Wilhelm Jr — MIXED −217 −$8.12K
2019-01-02 Ronald James Sorenson — MIXED +2,988 +$88.63K
2018-12-28 Louis Francisco Cimino — Buy +100 +$2.84K
2018-12-19 Louis Francisco Cimino — Buy +225 +$6.77K
2018-09-28 Louis Francisco Cimino — Buy +225 +$6.82K
2018-06-06 Louis Francisco Cimino — Buy +250 +$7.07K
2018-03-19 Louis Francisco Cimino — Buy +200 +$5.68K
2017-12-20 Rowland Otto Wilhelm Jr — J +251 +$7.58K
2017-10-18 Jeremy O May — Buy +200 +$5.99K
2017-10-18 Jeremy O May — Buy +408 +$12.21K
2017-10-17 Jeremy O May — Buy +200 +$5.99K
2017-10-13 William Avrum Ferer — Buy +700 +$20.95K
2017-10-13 Louis Francisco Cimino — Buy +4,089 +$122.38K
2017-10-13 Brian Wallace Weeks — Buy +133 +$3.98K
2017-10-13 Rowland Otto Wilhelm Jr — Buy +67 +$2.01K
2017-10-13 Ronald James Sorenson — MIXED +8,029 +$244.89K
2016-12-14 John Prentiss Bartlett — Sell −176 −$5.29K
2016-10-11 Louis Francisco Cimino — Buy +250 +$7.35K
2016-06-30 Louis Francisco Cimino — Buy +150 +$4.71K
2016-05-26 Ronald James Sorenson — MIXED +518 +$14.59K
2016-04-18 Louis Francisco Cimino — Buy +100 +$3.00K
2016-01-11 Louis Francisco Cimino — Buy +100 +$2.58K
2015-12-29 William Avrum Ferer — Buy +1,168 +$28.02K
2015-12-24 Timothy Ottaviano Porter — Buy +400 +$9.60K
UTG — Current Insider Holders
InsiderRole Shares HeldValue
Joseph Burns Rhame III — 13,733 $469.15K
JoEllen Legg Director 4,095 $139.91K
UTG Insider Trading FAQ
Who are the insiders at UTG?
2 officers, directors and 10%+ beneficial owners currently report holdings in UTG via SEC Form 4.
Are UTG insiders buying or selling?
Across the 50 most recent Form 4 filings for UTG, 29 were open-market purchases (code P) and 1 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is UTG insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent UTG filing is dated 2026-06-26.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the UTG quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.