Arch Capital president gifts 81,200 company shares
ARCH CAPITAL GROUP LTD.
Rhea-AI Filing Summary
ARCH CAPITAL GROUP LTD. President Rajeh Maamoun reported two bona fide gift transfers of the company’s common shares. On the reported date, he disposed of 40,600 common shares in a direct transaction and 40,600 common shares held indirectly through an LLC. After these transactions, he held 428,378 common shares directly and 40,600 shares indirectly. A footnote explains that the shares were contributed to a wholly owned LLC, then the LLC interests were transferred for no consideration to two irrevocable trusts for the benefit of his descendants, and he disclaims beneficial ownership of the LLC-held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
81,200 shares gifted
Gift
2 txns
Insider
Rajeh Maamoun
Role
President, Arch Capital Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares, $.0011 par value per share | 40,600 | $0.00 | $0.00 |
| Gift | Common Shares, $.0011 par value per share | 40,600 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares, $.0011 par value per share — 428,378 shares (Direct);
Common Shares, $.0011 par value per share — 40,600 shares (Indirect, By LLC)
Footnotes (1)
- F1. The reporting person contributed the Common Shares to a wholly-owned LLC (of which he is the manager), immediately following which he transferred, for no consideration, all of the outstanding ownership interests of the LLC to two irrevocable trusts (50% each) established for the primary benefit of his descendants and of which his brother is the trustee. The reporting person disclaims beneficial ownership of the shares held directly by the LLC for purposes of Section 16 of the Securities Exchange Act of 1934, except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Arch Capital Group (ACGL) report for Rajeh Maamoun?
Arch Capital Group President Rajeh Maamoun reported two bona fide gift transactions of common shares. Each transaction involved 40,600 common shares and was coded as a gift disposition, reflecting transfers made without consideration rather than an open-market sale or purchase.
Were the Arch Capital Group (ACGL) insider transactions sales for cash?
The transactions were not cash sales; they were coded as bona fide gifts. The Form 4 indicates a transaction price per share of 0.0000 and describes the actions as gift transfers, reflecting movements of shares without consideration rather than revenue-generating disposals.
AI-generated analysis. How Rhea-AI works. Not financial advice.