IGIC (NASDAQ: IGIC) CFO Pervez Rizvi discloses 137,914-share stake in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. filed an initial ownership report for its Chief Financial Officer, Pervez Rizvi. The filing shows beneficial ownership of 137,914 common shares. This includes 107,166 shares owned directly, 30,334 restricted shares granted under the 2020 Omnibus Incentive Plan, and 414 shares acquired through the employee stock purchase plan. The restricted shares vest in stages through January 2029, and the employee stock purchase plan shares vest in stages through January 2027, indicating a multi‑year, equity‑based compensation structure aligned with long‑term service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rizvi Pervez
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 137,914 shares (Direct)
Footnotes (1)
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FAQ
What does IGIC’s new Form 3 filing for CFO Pervez Rizvi show?
The Form 3 shows CFO Pervez Rizvi beneficially owns 137,914 common shares of IGIC. This position includes directly held shares, restricted stock awards, and employee stock purchase plan shares, reflecting his initial reported equity stake as an officer.
Is IGIC’s Form 3 for CFO Pervez Rizvi a buy or sell transaction?
The Form 3 is an initial ownership report, not a buy or sell transaction. It simply discloses the number and type of IGIC shares and awards that the CFO beneficially owns as he becomes a reporting insider.