Tax withholding trims SiriusPoint (NYSE: SPNT) CEO share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd executive Robin Gibbs, CEO of SiriusPoint International, reported routine tax-related share dispositions rather than open-market sales. On April 14, 2026, a total of 79,115 common shares were withheld at $22.67 per share to cover current tax liabilities tied to the vesting of performance-based restricted share units and restricted share units. Following these tax-withholding events, Gibbs directly holds 155,471 common shares, which include restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gibbs Robin
Role
CEO, SiriusPoint International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 72,375 | $22.67 | $1.64M |
| Tax Withholding | Common Shares | 4,021 | $22.67 | $91K |
| Tax Withholding | Common Shares | 2,719 | $22.67 | $62K |
Holdings After Transaction:
Common Shares — 162,211 shares (Direct)
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 (largest block): 72,375 shares
Tax-withheld shares (second block): 4,021 shares
Tax-withheld shares (third block): 2,719 shares
+3 more
6 metrics
Tax-withheld shares (largest block)
72,375 shares
Withheld for tax liabilities on April 14, 2026
Tax-withheld shares (second block)
4,021 shares
Withheld for tax liabilities on April 14, 2026
Tax-withheld shares (third block)
2,719 shares
Withheld for tax liabilities on April 14, 2026
Total shares withheld for taxes
79,115 shares
Sum of three tax-withholding dispositions
Reference price per share
$22.67
Price used for all tax-withholding dispositions
Shares held after final transaction
155,471 shares
Direct SiriusPoint common share holdings after withholding
Key Terms
performance based restricted share units, restricted share units, restricted shares, tax-withholding disposition
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for each F-coded entry."
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 did SiriusPoint (SPNT) executive Robin Gibbs report in this Form 4?
Robin Gibbs reported tax-related share dispositions, not open-market sales. A total of 79,115 SiriusPoint common shares were withheld to satisfy current tax liabilities arising from vesting of performance-based and time-based restricted share units.
Were Robin Gibbs’ SiriusPoint (SPNT) transactions open-market sales?
No, the transactions were not open-market sales. They were coded as tax-withholding dispositions, meaning shares were surrendered to cover current tax obligations created by the vesting of restricted and performance-based restricted share units.
What is the significance of the $22.67 price in the SiriusPoint (SPNT) Form 4?
The Form 4 lists $22.67 as the price per share for the tax-withholding entries. This figure serves as the reference value used to calculate the share amount needed to cover current tax liabilities from the vesting of the share-based awards.
What types of equity awards vested for Robin Gibbs at SiriusPoint (SPNT)?
The footnotes state that vesting involved performance based restricted share units and restricted share units. Shares were withheld to satisfy the resulting current tax liabilities, which is a common mechanism used when equity compensation vests.