James River Group (JRVR) SVP awarded 32,799 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hoffmann Michael J. reported acquisition or exercise transactions in this Form 4 filing.
James River Group Holdings, Inc. senior vice president and chief underwriting officer Michael J. Hoffmann received an equity award in the form of 32,799 restricted share units, payable solely in common stock. The units vest in three equal annual installments on March 4 of each year from 2027 through 2029. Following this grant, Hoffmann directly holds 129,735 shares of common stock.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,799 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 129,735 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did JRVR executive Michael Hoffmann report?
Michael J. Hoffmann reported an equity award of 32,799 restricted share units in James River Group Holdings. The award is payable solely in common stock and increases his direct holdings to 129,735 shares after the transaction, according to the Form 4 data.
What type of equity did JRVR grant to Michael Hoffmann?
James River Group granted Michael J. Hoffmann 32,799 restricted share units payable solely in common stock. These units represent a form of stock-based compensation that converts into common shares as they vest over the specified schedule in future years.
Was cash involved in Michael Hoffmann’s JRVR Form 4 transaction?
No cash purchase or sale price was reported for this transaction. The Form 4 shows a grant of 32,799 restricted share units at a price of 0.0000 per share, indicating a stock-based award rather than an open-market cash transaction in James River Group shares.
Is Michael Hoffmann’s JRVR ownership direct or indirect after this grant?
The filing shows Michael J. Hoffmann’s ownership as direct after the grant. The total of 129,735 James River Group common shares is reported with a direct ownership code, with no indication of indirect entities or separate voting or investment arrangements in the provided data.