Arch Capital president gifts 81,200 company shares
ARCH CAPITAL GROUP LTD.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| 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 |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Arch Capital Group (ACGL) report for Rajeh Maamoun?
Were the Arch Capital Group (ACGL) insider transactions sales for cash?
AI-generated analysis. How Rhea-AI works. Not financial advice.