International General Insurance (IGIC) CEO gets ESPP shares and match
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. executive Andreas Costas Loucaides, CEO of IGI UK, reported routine equity compensation activity. On July 7, 2026, he acquired 22 common shares through the U.K. Employee Stock Purchase Plan at $27.5167 per share and received an additional 22 matching common shares at no cost under the same plan.
The matching shares are scheduled to vest in full on July 7, 2027, subject to his continued service. All reported shares are held directly for his benefit, apart from 121 unvested ESPP shares that are held in an employee trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Loucaides Andreas Costas
Role
CEO, IGI UK
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 22 | $27.5167 | $605.37 |
| Grant/Award | Common Shares | 22 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 37,910 shares (Direct)
Footnotes (1)
- Represents common shares purchased by the Reporting Person pursuant to the U.K. Employee Stock Purchase Plan (the "ESPP"). Represents an award of matching common shares under the ESPP that will be eligible to vest in full on July 7, 2027, subject to the Reporting Person's continued service through such date. All of the shares reported are held directly by the Reporting Person, except for 121 of the unvested ESPP shares which are held in an employee trust for the benefit of the Reporting Person.
Key Figures
ESPP purchase shares: 22 shares
ESPP purchase price: $27.5167 per share
Matching award shares: 22 shares
+1 more
4 metrics
ESPP purchase shares
22 shares
Common shares purchased under U.K. ESPP on July 7, 2026
ESPP purchase price
$27.5167 per share
Price paid for 22 ESPP shares on July 7, 2026
Matching award shares
22 shares
Matching common shares awarded under ESPP, vesting July 7, 2027
Unvested ESPP shares in trust
121 shares
Unvested ESPP shares held in employee trust for reporting person
Key Terms
U.K. Employee Stock Purchase Plan, ESPP, matching common shares, employee trust
4 terms
U.K. Employee Stock Purchase Plan financial
"Represents common shares purchased by the Reporting Person pursuant to the U.K. Employee Stock Purchase Plan"
ESPP financial
"pursuant to the U.K. Employee Stock Purchase Plan (the "ESPP")."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
employee trust financial
"121 of the unvested ESPP shares which are held in an employee trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did IGIC executive Andreas Costas Loucaides report?
Andreas Costas Loucaides reported acquiring IGIC common shares through an employee stock purchase plan. He bought 22 shares at $27.5167 each and received 22 matching shares, reflecting routine compensation-related equity participation rather than an open-market trade.
Does this IGIC Form 4 indicate open-market buying or a compensation grant?
The Form 4 reflects compensation-related equity participation, not an open-market buy. Shares were acquired and matched under the U.K. Employee Stock Purchase Plan, indicating a structured employee program rather than discretionary trading in IGIC stock on the open market.