Global Indemnity (GBLI) director reports 8,446-share equity grant via entities
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
FOX SAUL A
Role
Director, 10% Owner
| 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 | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 1,882,986 shares (Indirect, See Footnote);
Class A-2 Common Shares — 550,000 shares (Indirect, See Footnote)
Footnotes (1)
- 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. 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. 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. 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
Grant size: 8,446 Class A Common Shares
Grant price: $28.19 per share
Board service shares: 5,321 Class A Common Shares
+4 more
7 metrics
Grant size
8,446 Class A Common Shares
Equity grant reported on 2026-03-31
Grant price
$28.19 per share
Valuation for 8,446-share Class A grant
Board service shares
5,321 Class A Common Shares
Granted in recognition of board service
Tax gross-up shares
3,125 Class A Common Shares
Granted as a tax gross-up component
Indirect Class A holdings
1,882,986 Class A Common Shares
Total indirect Class A holdings after transaction
Additional Class A holdings
293,715 Class A Common Shares
Reported as separate indirect Class A position
Class A-2 holdings
550,000 Class A-2 Common Shares
Indirect holdings via Mercury Assets Delaware LLC
Key Terms
tax gross-up, indirect pecuniary interest, limited partnership interest, Class A-2 Common Shares, +1 more
5 terms
tax gross-up financial
"and 3,125 A Common Shares granted as a tax gross-up"
indirect pecuniary interest financial
"Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein"
limited partnership interest financial
"through its limited partnership interest in Fox Mercury Investments, L.P."
beneficial ownership financial
"Mr. Fox disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.