SiriusPoint (NYSE: SPNT) CFO reports 2,620-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd Chief Financial Officer James J. McKinney reported a tax-related share disposition. On the vesting of restricted share units, 2,620 common shares were withheld at $23.29 per share to cover current tax liabilities. Following this withholding, he directly owns 54,359 common shares, which include restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKinney James J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,620 | $23.29 | $61K |
Holdings After Transaction:
Common Shares — 54,359 shares (Direct, null)
Footnotes (1)
- Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units. Includes restricted shares.
Key Figures
Shares withheld for taxes: 2,620 shares
Reported share value: $23.29 per share
Shares owned after transaction: 54,359 shares
3 metrics
Shares withheld for taxes
2,620 shares
Tax-withholding disposition on RSU vesting
Reported share value
$23.29 per share
Value used for withheld 2,620 common shares
Shares owned after transaction
54,359 shares
Direct holdings after tax withholding, includes restricted shares
Key Terms
restricted share units, tax-withholding disposition, Common Shares, includes restricted shares
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did SiriusPoint (SPNT) report for CFO James J. McKinney?
SiriusPoint reported that CFO James J. McKinney had 2,620 common shares withheld to cover taxes upon vesting of restricted share units. This was a tax-withholding disposition, not an open-market sale or purchase of SPNT shares.