Global Indemnity COO reports initial holdings
Global Indemnity Group, LLC Chief Operating Officer Evan Jacob Kasowitz filed an initial ownership report showing equity-based compensation awards and share holdings.
Rhea-AI Filing Summary
Global Indemnity Group, LLC Chief Operating Officer Evan Jacob Kasowitz filed an initial ownership report showing equity-based compensation awards and share holdings. He holds options to purchase 50,000 Class A Common Shares at $30.0000 per share expiring in 2029, plus time-vested Book Value Rights tied to 9,107.5 and 8,494.5 underlying Class A shares. He also directly holds 106 Class A Common Shares and 50,000 Class A-2 Common Shares that vest upon a Change of Control.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Kasowitz Evan Jacob
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Class A Common Shares (right to buy) | -- | -- | -- |
| holding | Book Value Rights | -- | -- | -- |
| holding | Book Value Rights | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A-2 Common Shares | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Class A Common Shares (right to buy) — 50,000 contracts (Direct);
Book Value Rights — 17,602 contracts (Direct);
Class A Common Shares — 106 shares (Direct);
Class A-2 Common Shares — 50,000 shares (Direct)
Footnotes (5)
- F1. Represents a grant of Class A-2 Common Shares ("A-2 Shares") awarded in recognition of services rendered as an Officer of the Issuer. The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement).
- F2. Options to Purchase Class A Common Shares vest one-third on each of March 6, 2025, March 6, 2026 and March 6, 2027.
- F3. Represents a grant of time-vested Book Value Rights ("BVRs") award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 6, 2026, (ii) 33% on March 6, 2027 and (iii) 34% on March 6, 2028, in each case subject to to the terms of the Notice of Book Value Rights Grant.
- F4. BVRs represent a contingent right to receive an amount of cash pursuant to the terms of the Notice of Book Value Rights Grant or Class A Common Shares of equal value as determined by the Issuer's board of directors.
- F5. Represents a grant of time-vested BVRs award in recognition of services rendered as an Officer of the Issuer. The BVRs vest as follows: (i) 33% on March 5, 2027, (ii) 33% on March 5, 2028 and (iii) 34% on March 5, 2029, in each case subject to to the terms of the Notice of Book Value Rights Grant.
Key Figures
Option grant: 50,000 shares at $30.0000
Book Value Rights grant 2026–2028: 9,107.5 underlying shares
Book Value Rights grant 2027–2029: 8,494.5 underlying shares
+2 more
5 metrics
Option grant
50,000 shares at $30.0000
Option to purchase Class A Common Shares, expires March 6, 2029
Book Value Rights grant 2026–2028
9,107.5 underlying shares
Time-vested BVRs vesting 33% in 2026, 33% in 2027, 34% in 2028
Book Value Rights grant 2027–2029
8,494.5 underlying shares
Time-vested BVRs vesting 33% in 2027, 33% in 2028, 34% in 2029
Direct Class A shares
106 shares
Class A Common Shares directly held following the reported holdings
Class A-2 Common Shares
50,000 shares
Grant of A-2 shares vesting upon a Change of Control event
Key Terms
Book Value Rights, Class A-2 Common Shares, Change of Control, time-vested, +1 more
5 terms
Book Value Rights financial
"Represents a grant of time-vested Book Value Rights ("BVRs") award in recognition of services rendered"
Change of Control financial
"The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement)"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
time-vested financial
"Represents a grant of time-vested Book Value Rights ("BVRs") award in recognition of services rendered"
Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.
exercise price financial
"Options to Purchase Class A Common Shares vest one-third on each of March 6, 2025, March 6, 2026 and March 6, 2027"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Evan Jacob Kasowitz report in his Form 3 for GBLI?
He reports initial ownership of equity awards and shares in Global Indemnity Group. This includes options on 50,000 Class A Common Shares, Book Value Rights over 17,602 Class A shares, and direct holdings of Class A and Class A-2 Common Shares.
How many Global Indemnity Class A options does the COO hold?
He holds options to purchase 50,000 Class A Common Shares at an exercise price of $30.0000 per share. These options vest in three equal annual installments on March 6 of 2025, 2026, and 2027, and expire on March 6, 2029.
What are Book Value Rights (BVRs) reported by GBLI’s COO?
Book Value Rights are time-vested awards linked to Global Indemnity’s book value. They represent a contingent right to receive cash or Class A Common Shares of equal value, as determined by the board, vesting in staged annual installments from 2026 through 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
