Arch Capital president exercises options, sells shares
Arch Capital Group president David Gansberg exercised stock options and sold a portion of the resulting shares.
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Rhea-AI Filing Summary
Arch Capital Group president David Gansberg exercised stock options and sold a portion of the resulting shares. He exercised options for 10,770 common shares at an exercise price of $18.90 per share and received the same number of common shares.
On the same day, he sold 5,907 common shares in open-market transactions at a weighted average price of $96.3715 per share, with individual prices ranging from $96.35 to $96.42. Following these transactions, he holds 336,559 common shares directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,770 | $0.00 | $0.00 |
| Exercise | Common Shares, $.0011 par value per share | 10,770 | $18.90 | $204K |
| Sale | Common Shares, $.0011 par value per share | 5,907 | $96.3715 | $569K |
Footnotes (2)
- F1. The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $96.35 to $96.42. Upon request, the full information regarding the number of shares sold at each separate price within the range will be provided to the issuer, any security holder of the issuer or the staff of the Securities Exchange Commission.
- F2. This stock option is exercisable in three equal annual installments commencing May 13, 2017, and the next two installments on May 13, 2018 and May 13, 2019, subject to the applicable award agreement.
FAQ
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What did Arch Capital Group (ACGL) executive David Gansberg do in this Form 4?
How many stock options did David Gansberg exercise in Arch Capital Group (ACGL)?
What type of transaction is reported for Arch Capital Group (ACGL) in this Form 4?
What role does David Gansberg hold at Arch Capital Group (ACGL) in this insider filing?
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