Global Indemnity Group (GBLI) director awarded Class A and A-2 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGeehan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Thomas McGeehan reported equity compensation awards. He received a grant of 4,566 vested Class A Common Shares in recognition of services as a board member at a reported price of $26.01 per share, bringing his Class A holdings to 87,629 shares. He was also awarded Class A-2 Common Shares in recognition of board service, which vest upon a Change of Control as defined in the A-2 Shares Award Agreement, with reported holdings of 20,000 Class A-2 shares following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McGeehan Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 4,566 | $26.01 | $119K |
| holding | Class A-2 Common Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 87,629 shares (Direct, null);
Class A-2 Common Shares — 20,000 shares (Direct, null)
Footnotes (1)
- Represents a grant of 4,566 vested Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the issuer. Represents a grant of Class A-2 Common Shares ("A-2 Shares") awarded in recognition of services rendered as a board member of the Issuer. The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement).
Key Figures
Vested Class A grant: 4,566 shares
Grant price per Class A share: $26.01 per share
Class A holdings after grant: 87,629 shares
+1 more
4 metrics
Vested Class A grant
4,566 shares
Grant of Class A Common Shares for board service
Grant price per Class A share
$26.01 per share
Reported transaction price for 4,566 vested Class A shares
Class A holdings after grant
87,629 shares
Total Class A Common Shares directly held after transaction
Class A-2 holdings after award
20,000 shares
Total Class A-2 Common Shares following the reported award
Key Terms
Class A Common Shares, Class A-2 Common Shares, Change of Control, vested
4 terms
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.
vested financial
"Represents a grant of 4,566 vested Class A Common Shares ("A Common Shares") in recognition of services rendered"
FAQ
What did Global Indemnity Group (GBLI) director Thomas McGeehan report in this Form 4?
Thomas McGeehan reported equity compensation awards for his board service at Global Indemnity Group. He received vested Class A Common Shares and an additional award of Class A-2 Common Shares that vest only upon a defined Change of Control event under the award agreement.