IGIC CEO Form 3 details 37,840 International General common shares
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. executive Loucaides Andreas Costas, CEO of IGI UK, reports beneficial ownership of 37,840 common shares. This includes 37,500 restricted shares granted under the 2020 Omnibus Incentive Plan and 340 shares purchased through the U.K. Employee Stock Purchase Plan.
The restricted shares vest in tranches on January 2, 2027 (21,000 shares), January 2, 2028 (11,000 shares), and January 2, 2029 (5,500 shares). The 340 ESPP shares vest gradually, with portions scheduled to vest between April 10, 2026 and January 7, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Loucaides Andreas Costas
Role
CEO, IGI UK
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 37,840 shares (Direct)
Footnotes (1)
- F1. Includes 37,500 restricted shares awarded to the reporting person under the International General Insurance Holdings Ltd. 2020 Omnibus Incentive Plan, and 340 common shares purchased by the reporting person pursuant to the U.K. Employee Stock Purchase Plan ("ESPP Shares"). Of the 37,500 restricted shares, 21,000 will vest on January 2, 2027, 11,000 will vest on January 2, 2028, and 5,500 will vest on January 2, 2029. Of the 340 ESPP Shares, 239 of the ESPP Shares have vested, 26 will vest on April 10, 2026, 25 will vest on July 3, 2026, 26 will vest on October 6, 2026, and 24 will vest on January 7, 2027.
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FAQ
What does the IGIC Form 3 filed by Loucaides Andreas Costas show?
The Form 3 shows Loucaides Andreas Costas, CEO of IGI UK, beneficially owns 37,840 IGIC common shares. These consist mainly of restricted stock grants and shares bought under the U.K. Employee Stock Purchase Plan, with future vesting dates specified.
Is the IGIC Form 3 a record of a new insider trade or just holdings?
The IGIC Form 3 functions as an initial statement of holdings for the IGI UK CEO, not a buy or sell transaction report. It details his existing ownership in common shares, restricted stock, and ESPP shares, along with their future vesting timelines.