IGIC (IGIC) UK CEO acquires ESPP shares and matching stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International General Insurance Holdings Ltd. executive Andreas Costas Loucaides, CEO of IGI UK, acquired a total of 48 common shares through the U.K. Employee Stock Purchase Plan. He purchased 24 common shares at $25.3133 per share and received 24 matching common shares at no cost as an award under the plan.
Following these awards, his directly held common share position increased to 37,888 shares. The matching ESPP shares are eligible to vest in full on April 9, 2027, subject to his continued service, and 99 unvested ESPP shares are held in an employee trust for his benefit.
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 | 24 | $25.3133 | $607.52 |
| Grant/Award | Common Shares | 24 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 37,864 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 April 9, 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 99 of the unvested ESPP shares which are held in an employee trust for the benefit of the Reporting Person.
Key Figures
ESPP purchase: 24 shares at $25.3133/share
Matching ESPP award: 24 shares at $0.00/share
Post-transaction holdings: 37,888 common shares
+2 more
5 metrics
ESPP purchase
24 shares at $25.3133/share
Common shares bought via U.K. Employee Stock Purchase Plan on April 9, 2026
Matching ESPP award
24 shares at $0.00/share
Matching common shares granted under ESPP on April 9, 2026
Post-transaction holdings
37,888 common shares
Total directly held by Andreas Loucaides after reported transactions
Unvested ESPP shares in trust
99 shares
Unvested ESPP shares held in an employee trust for his benefit
Matching award vesting date
April 9, 2027
Date when matching ESPP shares are eligible to vest, subject to continued service
Key Terms
U.K. Employee Stock Purchase Plan, matching common shares, vest in full, 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"
vest in full financial
"matching common shares under the ESPP that will be eligible to vest in full on April 9, 2027"
employee trust financial
"99 of the unvested ESPP shares which are held in an employee trust for the benefit"
FAQ
What insider transaction did IGIC executive Andreas Loucaides report?
Andreas Loucaides, CEO of IGI UK at IGIC, reported acquiring 48 common shares. He bought 24 shares at $25.3133 each through the U.K. Employee Stock Purchase Plan and received 24 matching shares as an award under the same plan.
What is the U.K. Employee Stock Purchase Plan mentioned for IGIC?
The U.K. Employee Stock Purchase Plan (ESPP) allows eligible employees of IGIC to purchase company common shares. In this case, Andreas Loucaides bought shares through the ESPP and also received a matching award of common shares under the same plan.