JRVR executive Hoffmann gains stock from award while shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
James River Group Holdings, Inc. senior vice president and chief underwriting officer Michael J. Hoffmann reported equity compensation activity in company common stock. On March 2, 2026, he acquired 6,247 shares at no cost from the vesting and settlement of performance-based restricted share units granted in fiscal 2023 under the 2014 Long-Term Incentive Plan.
On the same date, 1,853 shares were disposed of at $7.13 per share, withheld by the company to satisfy tax liabilities tied to the vesting. After these transactions, Hoffmann directly owned 96,936 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoffmann Michael J.
Role
SVP Chief Underwriting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,247 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,853 | $7.13 | $13K |
Holdings After Transaction:
Common Stock — 98,789 shares (Direct)
Footnotes (1)
- Shares acquired from the vesting and settlement of performance-based restricted share units granted in fiscal year 2023 pursuant to James River Group Holdings, Inc.'s 2014 Long-Term Incentive Plan, as amended, exempt under Rule 16b-3. The shares disposed of were withheld by James River Group Holdings, Inc. for the payment of the tax liability incident to the vesting of 6,247 performance-based restricted share units on March 2, 2026.
FAQ
What insider transactions did JRVR executive Michael Hoffmann report?
Michael Hoffmann reported a stock award vesting and related tax withholding. He acquired 6,247 James River Group common shares from performance-based restricted share units, and 1,853 shares were withheld by the company at $7.13 per share to cover associated tax liabilities.
Were Michael Hoffmann’s JRVR transactions open-market buys or sells?
The transactions involved equity compensation and tax withholding, not open-market trading. Shares were acquired via vesting of performance-based restricted share units and disposed of when James River Group withheld shares to pay the tax liability linked to that vesting event.