JRVR (NASDAQ: JRVR) SVP’s 8,939 shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
James River Group Holdings, Inc. reported an insider equity transaction by SVP and Chief Underwriting Officer Michael J. Hoffmann. On March 5, 2026, 8,939 shares of common stock were disposed of at $6.44 per share, not as an open‑market sale but as a tax-withholding disposition.
According to the footnote, these shares were withheld by James River Group Holdings, Inc. to satisfy the tax liability triggered by the vesting of 20,018 restricted share units on the same date. After this withholding, Hoffmann’s directly held stake totaled 120,796 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoffmann Michael J.
Role
SVP Chief Underwriting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,939 | $6.44 | $58K |
Holdings After Transaction:
Common Stock — 120,796 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did JRVR executive Michael J. Hoffmann report?
Michael J. Hoffmann reported a disposition of 8,939 JRVR common shares. The shares were withheld by James River Group Holdings, Inc. to cover taxes arising from the vesting of 20,018 restricted share units on March 5, 2026.
What triggered the JRVR tax-withholding disposition reported on Form 4?
The disposition was triggered by the vesting of 20,018 restricted share units for Michael J. Hoffmann. To cover the related tax liability, James River Group Holdings, Inc. withheld 8,939 shares instead of requiring a separate cash payment.
What does transaction code “F” mean in the JRVR Form 4 filing?
Transaction code “F” indicates a payment of tax liability by delivering or withholding securities. In this JRVR filing, 8,939 shares were withheld from Michael J. Hoffmann’s vested stock to satisfy taxes due on his restricted share units.