SiriusPoint (NYSE: SPNT) president surrenders 175,943 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd Group President David E. Govrin reported routine tax-related share dispositions. On April 14, 2026, a total of 175,943 Common Shares were withheld at $22.67 per share to cover current tax liabilities tied to vesting performance-based and other restricted share units.
Following these tax-withholding dispositions, Govrin directly holds 657,770 Common Shares, which includes restricted shares. These are not open-market sales but shares delivered back to the company to satisfy tax obligations upon vesting of equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Govrin David E.
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 161,185 | $22.67 | $3.65M |
| Tax Withholding | Common Shares | 8,955 | $22.67 | $203K |
| Tax Withholding | Common Shares | 5,803 | $22.67 | $132K |
Holdings After Transaction:
Common Shares — 672,528 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 shares units.
Key Figures
Total shares withheld for taxes: 175,943 shares
Largest single withholding: 161,185 shares
Additional withholding blocks: 8,955 and 5,803 shares
+4 more
7 metrics
Total shares withheld for taxes
175,943 shares
Tax-withholding dispositions on Common Shares, April 14, 2026
Largest single withholding
161,185 shares
Code F, Common Shares, April 14, 2026
Additional withholding blocks
8,955 and 5,803 shares
Two further Code F Common Share dispositions
Valuation price per share
$22.67 per share
Price used for tax-withholding Common Share dispositions
Shares held after transactions
657,770 shares
Direct Common Share holdings after final disposition
Direct holdings after first withholding
672,528 shares
Direct Common Shares after initial 161,185-share disposition
Direct holdings after second withholding
663,573 shares
Direct Common Shares after 8,955-share disposition
Key Terms
performance based restricted share units, restricted shares, restricted shares units, tax-withholding disposition, +1 more
5 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 did SiriusPoint (SPNT) executive David E. Govrin report in this Form 4?
David E. Govrin reported that shares were withheld to cover tax liabilities on vesting equity awards. On April 14, 2026, 175,943 SiriusPoint Common Shares were delivered for tax-withholding purposes rather than sold on the open market, reflecting routine compensation-related activity.
Were David E. Govrin’s SiriusPoint (SPNT) transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 shows “F” code dispositions, meaning shares were surrendered to cover tax liabilities. They relate to the vesting of performance-based restricted share units and restricted share units, rather than discretionary buying or selling in the market.
What types of equity awards are involved in David E. Govrin’s SiriusPoint (SPNT) Form 4?
The footnotes indicate performance-based restricted share units and restricted share units. Shares were withheld to cover current tax liabilities triggered when these awards vested, and Govrin’s remaining 657,770 Common Shares position now includes restricted shares tied to these compensation arrangements.