Global Indemnity director awarded 9,154 GBLI shares
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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
Key Terms
tax gross-up financial
limited partnership interest financial
indirect pecuniary interest financial
beneficial ownership financial
grant, award, or other acquisition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Saul A. Fox report at Global Indemnity Group (GBLI)?
What are Saul A. Fox’s indirect Class A holdings in Global Indemnity (GBLI) after the grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.