Tax withholding trims SiriusPoint (NYSE: SPNT) CEO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd Chief Executive Officer Scott Egan reported tax-related share dispositions rather than open-market trades. On April 14, a total of 150,733 Common Shares were withheld at $22.67 per share to cover current tax liabilities arising from the vesting of performance-based restricted share units and restricted share units.
Following these withholdings, Egan holds 864,446 Common Shares directly, which include restricted shares, and 545,083 Common Shares indirectly through Egan Family Investment Ltd. The filing shows only tax-withholding dispositions and no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Egan Scott
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 138,421 | $22.67 | $3.14M |
| Tax Withholding | Common Shares | 7,690 | $22.67 | $174K |
| Tax Withholding | Common Shares | 4,622 | $22.67 | $105K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 876,758 shares (Direct);
Common Shares — 545,083 shares (Indirect, By Egan Family Investment Ltd.)
Footnotes (1)
- Shares withheld to cover current tax liabilities in connection with the vesting of performance based restricted share units. Includes restricted shares. Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units.
Key Figures
Tax-withheld shares: 150,733 shares
Tax-withholding price: $22.67 per share
Direct holdings after transactions: 864,446 shares
+2 more
5 metrics
Tax-withheld shares
150,733 shares
Common Shares withheld to cover tax liabilities on vesting
Tax-withholding price
$22.67 per share
Value used for F-code tax-withholding dispositions
Direct holdings after transactions
864,446 shares
Scott Egan direct Common Share ownership, includes restricted shares
Indirect holdings after transactions
545,083 shares
Indirect Common Shares held by Egan Family Investment Ltd.
Tax-withholding transactions
3 events
Three F-code dispositions for tax liabilities
Key Terms
performance based restricted share units, restricted share units, tax-withholding disposition, includes restricted shares, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for F-code Common Share entries."
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.
indirect ownership financial
"Indirect ownership described as By Egan Family Investment Ltd."
FAQ
What insider transaction did SiriusPoint (SPNT) report for CEO Scott Egan?
SiriusPoint reported that CEO Scott Egan had shares withheld to cover tax liabilities. In total, 150,733 Common Shares were withheld in connection with vesting performance-based and time-based restricted share units, rather than through open-market buying or selling.
Were Scott Egan’s SiriusPoint (SPNT) Form 4 transactions open-market sales?
The transactions were not open-market sales. They are coded as “F” transactions and described as payments of tax liabilities by delivering securities, with footnotes confirming shares were withheld to cover current taxes on vesting restricted share units.
What types of equity awards are involved in Scott Egan’s SiriusPoint (SPNT) tax-withholding transactions?
The tax-withholding transactions relate to performance based restricted share units and restricted share units. Footnotes state that shares were withheld to cover current tax liabilities when these awards vested, and that Egan’s direct holdings include restricted shares.
How many separate tax-withholding events are shown in Scott Egan’s SiriusPoint (SPNT) Form 4?
The Form 4 shows three separate tax-withholding dispositions coded as “F.” Together they account for 150,733 Common Shares withheld to satisfy current tax liabilities tied to equity award vesting, all recorded on the same transaction date in the filing.