David S. Mulcahy, Director at AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (AEL), bought 3,000 shares at $9.48 ($28K) on 2011-08-10, disclosed to the SEC on 2011-08-10.
Open-market purchase of $28k AEL by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Something here stands out, but not much.