IGIC (IGIC) CFO adds 46 common shares through employee stock purchase and matching award
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. Chief Financial Officer Pervez Rizvi reported routine equity acquisitions tied to the company’s employee stock plan. On July 7, 2026, he acquired 23 common shares through the Global Employee Stock Purchase Plan at $27.5167 per share and received an additional 23 matching common shares as an award valued at zero purchase price. The matching shares are eligible to vest on July 7, 2027, subject to his continued service. Following these transactions, Rizvi directly holds 138,008 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rizvi Pervez
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 23 | $27.5167 | $632.88 |
| Grant/Award | Common Shares | 23 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 137,985 shares (Direct)
Footnotes (1)
- Represents common shares purchased by the Reporting Person pursuant to the Global 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.
Key Figures
ESPP purchase: 23 shares
ESPP purchase price: $27.5167 per share
Matching award shares: 23 shares
+2 more
5 metrics
ESPP purchase
23 shares
Common shares purchased under Global Employee Stock Purchase Plan on July 7, 2026
ESPP purchase price
$27.5167 per share
Price paid for 23 common shares via ESPP
Matching award shares
23 shares
Matching common shares granted under ESPP at zero purchase price
Total shares after transactions
138,008 shares
CFO’s direct IGIC common share holdings following Form 4 transactions
Vesting date for matching shares
July 7, 2027
Eligibility date for full vesting of 23 matching ESPP shares
Key Terms
Global Employee Stock Purchase Plan, ESPP, matching common shares, vest
4 terms
Global Employee Stock Purchase Plan financial
"Represents common shares purchased by the Reporting Person pursuant to the Global Employee Stock Purchase Plan (the "ESPP")."
ESPP financial
"Represents an award of matching common shares under the ESPP that will be eligible to vest in full on July 7, 2027."
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.
vest financial
"will be eligible to vest in full on July 7, 2027, subject to the Reporting Person's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did IGIC CFO Pervez Rizvi report on this Form 4?
Pervez Rizvi reported acquiring 46 IGIC common shares linked to the employee stock purchase plan. He bought 23 shares through the plan and received 23 matching shares as an award, reflecting routine compensation-related equity activity rather than open-market trading.
Is the IGIC CFO’s Form 4 transaction an open-market purchase or a compensation grant?
The reported activity is compensation-related, not an open-market trade. Shares were acquired via the Global Employee Stock Purchase Plan and a matching-share award, both structured programs rather than discretionary buying or selling on the open market.
Does the IGIC Form 4 indicate any derivative or option exercises by the CFO?
This Form 4 does not show any derivative or option exercises. The filing reflects only non-derivative common share acquisitions through the employee stock purchase plan and a related matching-share award, with no remaining derivative positions listed in the derivative summary.