Global Indemnity (GBLI) board member receives 4,353-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lederman bruce r reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Bruce R. Lederman received a grant of 4,353 Class A Common Shares as equity compensation. The grant is valued at about $26.01 per share and increases his direct holdings to 82,718.37 shares.
According to the footnote, the award includes 3,365 vested Class A Common Shares for services as a board member and 988 vested Class A Common Shares as a tax gross-up. This is a compensation-related share award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lederman bruce r
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 4,353 | $26.01 | $113K |
Holdings After Transaction:
Class A Common Shares — 82,718.37 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 4,353 shares
Reference share price: $26.01 per share
Holdings after grant: 82,718.37 shares
+2 more
5 metrics
Equity grant size
4,353 shares
Class A Common Shares granted as compensation
Reference share price
$26.01 per share
Transaction price per share for the grant
Holdings after grant
82,718.37 shares
Total Class A Common Shares directly owned post-transaction
Board service shares
3,365 shares
Vested shares granted for services as board member
Tax gross-up shares
988 shares
Vested shares granted as a tax gross-up
Key Terms
Class A Common Shares, tax gross-up, grant, award, or other acquisition
3 terms
tax gross-up financial
"and 988 vested A Common Shares granted as a tax gross-up"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Global Indemnity (GBLI) director Bruce Lederman report on this Form 4?
Bruce R. Lederman reported receiving 4,353 Class A Common Shares of Global Indemnity Group, LLC as an equity award. This increased his direct ownership to 82,718.37 shares and reflects compensation, not an open-market stock purchase.
Is Bruce Lederman’s Global Indemnity (GBLI) transaction an open-market buy or compensation?
The transaction is classified as a grant or award acquisition, not an open-market purchase. The shares were awarded for board service and tax gross-up purposes, making this a compensation-related issuance rather than a discretionary stock purchase on the market.
What is Bruce Lederman’s Global Indemnity (GBLI) ownership after the reported grant?
After receiving the 4,353 Class A Common Shares, Bruce R. Lederman directly owns 82,718.37 Global Indemnity Group, LLC shares. This figure reflects his updated post-transaction holdings as disclosed in the Form 4 filing data.