Arch Capital Group (ACGL) president exercises options and sells 5,907 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,907 shares ($569,266)
Net Sell
3 txns
Insider
Gansberg David
Role
President, Arch Capital Group
Sold
5,907 shs ($569K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,770 | $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 |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Shares, $.0011 par value per share — 342,466 shares (Direct)
Footnotes (1)
- 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. 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
What did Arch Capital Group (ACGL) executive David Gansberg do in this Form 4?
David Gansberg exercised stock options and sold some resulting shares. He converted 10,770 options into common shares, then sold 5,907 of those shares in open-market transactions, and continued to hold a substantial direct stake in Arch Capital Group.
How many stock options did David Gansberg exercise in Arch Capital Group (ACGL)?
He exercised 10,770 stock options for Arch Capital Group common shares. These options carried an exercise price of $18.90 per share and had originally become exercisable in three equal annual installments beginning on May 13, 2017, subject to the applicable award agreement.
What type of transaction is reported for Arch Capital Group (ACGL) in this Form 4?
The Form 4 reports an option exercise followed by an open-market sale. Gansberg exercised a stock option, acquiring 10,770 common shares, then sold 5,907 of those shares in market transactions, while retaining the remaining shares as part of his direct holdings.
What role does David Gansberg hold at Arch Capital Group (ACGL) in this insider filing?
David Gansberg is identified as President of Arch Capital Group. The Form 4 specifies his officer status and title, indicating the reported option exercise and share sale transactions involve a senior executive of the company.