IGIC (NASDAQ: IGIC) CEO Walid Jabsheh details direct and indirect shareholdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. director and President and CEO Walid Jabsheh filed an initial ownership report on the company’s common shares. He reports direct ownership of 578,481 common shares, including 93,334 restricted shares under the 2020 Omnibus Incentive Plan and 340 shares from the U.K. Employee Stock Purchase Plan.
Of the restricted shares, 53,333 are scheduled to vest on January 2, 2027, 26,667 on January 2, 2028, and 13,334 on January 2, 2029. Portions of the ESPP shares vest through April 10, 2026, July 3, 2026, October 6, 2026, and January 7, 2027. He also reports 82,455 common shares held indirectly by his spouse, while disclaiming beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jabsheh Walid
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 578,481 shares (Direct);
Common Shares — 82,455 shares (Indirect, By spouse)
Footnotes (1)
- Includes 484,807 common shares owned directly, 93,334 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 93,334 restricted shares, 53,333 will vest on January 2, 2027, 26,667 will vest on January 2, 2028, and 13,334 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. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
FAQ
What does the Form 3 filing by IGIC’s Walid Jabsheh show?
The Form 3 shows Walid Jabsheh’s initial ownership in International General Insurance Holdings Ltd. common shares, including direct, restricted, and employee stock purchase plan holdings, as well as shares held indirectly by his spouse with a stated disclaimer of beneficial ownership.