Arch Capital (NASDAQ: ACGL) CEO exercises options, sells 21,930 shares at ~$96
Rhea-AI Filing Summary
ARCH CAPITAL GROUP LTD. CEO Nicolas Papadopoulo exercised stock options and sold the resulting shares. He exercised options for 21,930 common shares at an exercise price of $18.90 per share, then sold 21,930 common shares at a weighted average price of $96.3093 per share in open-market transactions. Following these transactions, he holds 871,594 common shares directly. The options exercised had been granted earlier and vested in three equal annual installments beginning on May 13, 2017.
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Insights
CEO executes routine option exercise and sale, retains large shareholding.
The CEO of Arch Capital Group exercised stock options for 21,930 shares at an exercise price of $18.90 and sold the same number of shares at a weighted average of $96.3093. The filing shows no remaining options from this grant.
This pattern is a classic exercise-and-sell transaction, converting vested options into cash. After the sale, the CEO still directly owns 871,594 common shares, indicating a substantial continuing equity position in the company.
The sale price reflects multiple trades between $96.00 and $96.54, based on the weighted-average footnote. Subsequent filings may provide additional context if further transactions or new equity awards occur.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 21,930 | $0.00 | -- |
| Exercise | Common Shares, $.0011 par value per share | 21,930 | $18.90 | $414K |
| Sale | Common Shares, $.0011 par value per share | 21,930 | $96.3093 | $2.11M |
Footnotes (1)
- The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $96.00 to $96.54. 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. 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.