Director granted 8,446 GBLI shares as compensation
FOX SAUL A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
FOX SAUL A reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Saul A. Fox reported an indirect grant of 8,446 Class A Common Shares of GBLI at $28.19 per share. The award consists of 5,321 shares for board service and 3,125 shares as a tax gross-up, all held through affiliated entities.
Following the grant, Fox reports indirect ownership of 1,882,986 Class A Common Shares, 293,715 additional Class A Common Shares, and 550,000 Class A-2 Common Shares through entities including Mercury Assets Delaware LLC, Fox Mercury Investments, L.P., and Fox Paine Global, Inc. He disclaims beneficial ownership except for his indirect pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 8,446 | $28.19 | $238K |
| holding | Class A Common Shares | -- | -- | -- |
| holding | Class A-2 Common Shares | -- | -- | -- |
Footnotes (4)
- F1. Represents a grant of 5,321 Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the Issuer and 3,125 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
indirect pecuniary interest financial
limited partnership interest financial
beneficial ownership financial
AI-generated analysis. How Rhea-AI works. Not financial advice.