IGIC UK CEO awarded ESPP matching shares
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 24 | $25.3133 | $607.52 |
| Grant/Award | Common Shares | 24 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents common shares purchased by the Reporting Person pursuant to the U.K. Employee Stock Purchase Plan (the "ESPP").
- F2. 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.
- F3. 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
Key Terms
U.K. Employee Stock Purchase Plan financial
vest in full financial
employee trust financial
FAQ
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