Seth Gersch receives 5,499 GBLI shares; ownership rises to 251,295
Rhea-AI Filing Summary
Seth Gersch, a director of Global Indemnity Group, LLC (GBLI), was issued 5,499 Class A Common Shares on 09/30/2025. The grant consisted of 3,464 vested shares for services as a board member and 2,035 vested shares granted as a tax gross-up. The transaction is reported at a price of $28.87 per share and leaves Mr. Gersch with 251,295 Class A Common Shares beneficially owned directly. The Form 4 was signed by an attorney-in-fact on 10/02/2025. The filing reflects a routine director compensation grant; no options, derivative securities, or additional changes were reported.
Positive
- 5,499 Class A Common Shares granted as vested compensation on 09/30/2025
- 3,464 vested shares explicitly awarded for board services, indicating alignment with directors
- 2,035 vested shares granted as a tax gross-up, delivered immediately vested
Negative
- None.
Insights
Director received vested equity as board compensation.
The Form 4 shows a 5,499-share issuance to Seth Gersch on 09/30/2025 split into 3,464 shares for services and 2,035 as a tax gross-up. This indicates the company used equity to compensate a board member for routine services rather than deferred or performance-based awards.
The filing lists 251,295 shares owned after the grant, confirming continued direct ownership rather than an indirect holding structure.
Transaction is a vested grant; price shown for reporting clarity.
The reported $28.87 price accompanies the non-derivative grant of 5,499 Class A Common Shares on 09/30/2025. Form 4 entries list this as a Code V transaction, consistent with a grant in recognition of services and a tax gross-up.
The form was executed by an attorney-in-fact on 10/02/2025, and no derivative securities were reported in Table II.