Saul A. Fox (GBLI) reports 9,154-share grant and large indirect Global Indemnity holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Global Indemnity Group, LLC director and ten percent owner Saul A. Fox reported an indirect acquisition of 9,154 Class A Common Shares at $26.01 per share. The award consists of 5,767 shares granted for board service and 3,387 shares as a tax gross-up.
The filing shows Mr. Fox’s indirect holdings after this award include 1,892,140 Class A Common Shares and 550,000 Class A-2 Common Shares held through entities such as Mercury Assets Delaware LLC and Fox Mercury Investments, L.P., where he has an indirect pecuniary interest and disclaims beneficial ownership beyond that interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
FOX SAUL A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 9,154 | $26.01 | $238K |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A-2 Common Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 1,892,140 shares (Indirect, See Footnote);
Class A-2 Common Shares — 550,000 shares (Indirect, See Footnote)
Footnotes (1)
- Represents a grant of 5,767 Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the Issuer and 3,387 A Common Shares granted as a tax gross-up. Includes 1,197,651 A Common Shares held by Mercury Assets Delaware LLC and Common Shares owned indirectly by Mercury Assets Delaware LLC through its limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 Class B Common Shares ("B Common Shares"). The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein. Common Shares owned indirectly by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. Mr. Fox is a director of Fox Paine Global, Inc. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein. Common Shares held by Mercury Assets Delaware LLC, which holds 550,000 Class A-2 Common Shares. The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
Key Figures
Share grant: 9,154 Class A Common Shares
Grant for board service: 5,767 Class A Common Shares
Tax gross-up shares: 3,387 Class A Common Shares
+5 more
8 metrics
Share grant
9,154 Class A Common Shares
Grant/award acquisition to Saul A. Fox
Grant for board service
5,767 Class A Common Shares
Compensation for board member services
Tax gross-up shares
3,387 Class A Common Shares
Additional award as tax gross-up
Grant price
<money>$26.01</money> per share
Value used for 9,154-share award
Indirect Class A holdings
1,892,140 Class A Common Shares
Indirect holdings after reported grant
Class A-2 holdings
550,000 Class A-2 Common Shares
Held by Mercury Assets Delaware LLC
Mercury Assets Class A
1,197,651 Class A Common Shares
Held by Mercury Assets Delaware LLC
Fox Mercury LP holdings
979,050 Class A and 172,939 Class B shares
Held by Fox Mercury Investments, L.P.
Key Terms
Class A-2 Common Shares, tax gross-up, limited partnership interest, indirect pecuniary interest, +2 more
6 terms
tax gross-up financial
"3,387 Class A Common Shares granted as a tax gross-up."
limited partnership interest financial
"Common Shares owned indirectly through its limited partnership interest in Fox Mercury Investments, L.P."
indirect pecuniary interest financial
"Mr. Fox disclaims beneficial ownership except to the extent of his indirect pecuniary interest therein."
beneficial ownership financial
"Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
grant, award, or other acquisition financial
"Transaction code A is described as a grant, award, or other acquisition."
FAQ
What insider transaction did Saul A. Fox report at Global Indemnity Group (GBLI)?
Saul A. Fox reported an indirect acquisition of 9,154 Class A Common Shares at $26.01 per share. The grant reflects compensation for board service and a related tax gross-up, rather than an open-market purchase or sale.
What are Saul A. Fox’s indirect Class A holdings in Global Indemnity (GBLI) after the grant?
After the reported award, indirect holdings include 1,892,140 Class A Common Shares. These shares are held through entities such as Mercury Assets Delaware LLC and Fox Mercury Investments, L.P., where Mr. Fox has an indirect pecuniary interest and disclaims full beneficial ownership.