DPG Duff & Phelps Utility & Infrastructure Fund Inc. Insider Trading

VP & Treasurer buys 3,250 shares of DPG at $13.81; holdings surge +2272.7% to 3,393 shares

Bradley William Patrick III purchased 3,250 shares of Duff & Phelps Utility & Infrastructure Fund Inc. at $13.81 on 2026-02-09, expanding his holdings from 143 shares to 3,393 shares. This represents a substantial increase in absolute position size. The purchase price of $13.81 is just below the current price of $14.04 and matches the 52-week high, placing the entry point at the upper end of the recent trading range. His prior three open-market purchases across all tickers averaged a 90-day return of +3.7% with a 100.00% win rate, though that track record is cross-ticker and does not necessarily predict performance specific to DPG.

DPG CEO Grumhaus buys 1,200 shares at $12.77; post-transaction holdings 11,612 shares (+11.5%)

David D Grumhaus Jr., President and CEO, purchased 1,200 shares of Duff & Phelps Utility & Infrastructure Fund Inc. (DPG) at $12.77 on 2025-08-25, increasing his holdings by 11.5% to 11,612 shares. The stock is trading near its 52-week high of $12.78, up 1.5% over the prior 30 days and 4.9% over 90 days. His cross-ticker track record shows 8 prior buys with a 90-day win rate of 71.43%, though at DPG specifically, his timing has been mixed: 1 of 3 prior buys at this ticker delivered positive 90-day returns. The current purchase follows three transactions at this fund since July 2023, most recently on 2024-11-26 with a 90-day loss of -2.4%. Timing at this price level—just 0.1% below the 52-week high—differs materially from his previous DPG entry points and reflects current market conditions rather than a contrarian signal.

Director Kahrer purchases 1,000 shares of DPG at $12.69; first position in fund.

Mark G. Kahrer, a Director, purchased 1,000 shares of Duff & Phelps Utility & Infrastructure Fund Inc. at $12.69 on 2025-08-15, establishing an initial position in the fund. The purchase occurred near the 52-week high of $12.75, with the current price at $12.61 representing a -1.1% discount from that high. This represents Kahrer's first open-market transaction in his cross-ticker history (1 prior buy shown), so the transaction marks entry into the security rather than a pattern of activity. The modest share count (1,000 shares) and routine price action offer limited basis for inferring directional conviction about the fund's prospects.

MetLife Investment Management bought 1.00M shares at $25.00 on 2025-05-29 ($25,000,000.00)

MetLife Investment Management, a 10% owner of DPG, executed 2 separate purchases totaling 1,000,000 shares for $25,000,000.00 at $25.00 per share on 2025-05-29. The current market price of $12.29 is substantially below the transaction price, representing a significant decline since acquisition. This purchase occurs in a context of the insider's poor cross-ticker track record: across all open-market history, the insider has 10 prior buys with an average 90-day return of -53.1% and a 90-day win rate of 0.00%. The combination of a large-scale purchase at a price now 51% above current market levels, paired with a consistent pattern of negative post-purchase returns across the insider's broader portfolio activity, creates a notable risk signal for investors evaluating DPG's near-term outlook.

DPG CEO buys 1,500 shares at $12.32; holds 9,877 shares after transaction, up 17.9% from prior position.

Grumhaus David D Jr., President and CEO, purchased 1,500 shares of Duff & Phelps Utility & Infrastructure Fund Inc. at $12.32 on 2024-11-26, increasing his holdings from 8,377 to 9,877 shares. The stock currently trades at $12.47, near the top of its 52-week range of $8.73–$12.47, and has risen 7.8% over the last 30 days and 12.0% over the last 90 days. Notably, his prior trades at DPG were mixed: a 2024-04-09 buy delivered +5.6% (30d) and +4.4% (90d), but a 2023-07-31 buy resulted in -4.7% (30d) and -18.5% (90d), with only 1 of 2 prior DPG trades well-timed at the 90-day mark. His cross-ticker track record shows 6 prior buys with an average 90-day return of +0.1% and an 80% win rate, providing limited statistical evidence of consistent timing acuity at this specific closed-end fund.