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SiriusPoint (SPNT) executive receives 15,622 RSUs and 24,450 shares withheld for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SiriusPoint Ltd executive Leonardo Thomas C., Global Head of A&H, reported routine equity compensation and related tax transactions. He received a grant of 15,622 Restricted Share Units under the 2023 Omnibus Incentive Plan, which vest in equal annual instalments over three years based on continued employment. Across several dates, a total of 24,450 common shares were withheld to cover current tax liabilities tied to vesting restricted share units, at prices between $16.04 and $18.72 per share. These are compensation-related awards and tax-withholding dispositions rather than open-market trades.

Positive

  • None.

Negative

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Insider Leonardo Thomas C.
Role Global Head of A&H
Type Security Shares Price Value
Tax Withholding Common Shares 1,702 $18.72 $32K
Tax Withholding Common Shares 10,372 $18.72 $194K
Grant/Award Common Shares 15,622 $0.00 --
Tax Withholding Common Shares 2,354 $16.04 $38K
Tax Withholding Common Shares 3,121 $16.04 $50K
Tax Withholding Common Shares 6,901 $16.05 $111K
Holdings After Transaction: Common Shares — 171,704 shares (Direct)
Footnotes (1)
  1. Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units. Includes restricted shares. Includes 15,622 Restricted Share Units ("RSUs") granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan, The RSUs will vest in equal annual instalments over three years based on continued employment.
RSUs granted 15,622 RSUs Grant under SiriusPoint Ltd. 2023 Omnibus Incentive Plan
Tax-withheld shares 24,450 shares Total shares withheld to cover tax liabilities on vesting RSUs
Withholding price $18.72 per share Tax-withholding dispositions dated 2025-08-31
Withholding price $16.04 per share Tax-withholding dispositions dated 2025-04-14
Withholding price $16.05 per share Tax-withholding disposition dated 2025-04-06
Restricted Share Units financial
"Includes 15,622 Restricted Share Units ("RSUs") granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
tax liabilities financial
"Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units."
withheld financial
"Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units."
2023 Omnibus Incentive Plan financial
"granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan, The RSUs will vest in equal annual instalments"
vesting financial
"The RSUs will vest in equal annual instalments over three years based on continued employment."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Leonardo Thomas C.

(Last)(First)(Middle)
POINT BUILDING, 3 WATERLOO LANE

(Street)
PEMBROKEHM 08

(City)(State)(Zip)

BERMUDA

(Country)
2. Issuer Name and Ticker or Trading Symbol
SiriusPoint Ltd [ SPNT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Global Head of A&H
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares04/06/2025F6,901(1)D$16.05163,259(2)D
Common Shares04/14/2025F2,354(1)D$16.04160,905(2)D
Common Shares04/14/2025F3,121(1)D$16.04157,784(2)D
Common Shares04/25/2025A15,622(3)A$0173,406(2)D
Common Shares08/31/2025F1,702(1)D$18.72171,704(2)D
Common Shares08/31/2025F10,372(1)D$18.72161,332(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units.
2. Includes restricted shares.
3. Includes 15,622 Restricted Share Units ("RSUs") granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan, The RSUs will vest in equal annual instalments over three years based on continued employment.
Remarks:
/s/ Jacquelyn Belcastro, Attorney-In-Fact for Thomas C. Leonardo04/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did SiriusPoint (SPNT) report for Leonardo Thomas C.?

SiriusPoint reported equity compensation activity for Global Head of A&H Leonardo Thomas C. He received a grant of 15,622 Restricted Share Units and had multiple tax-withholding share dispositions related to vesting awards, rather than any open-market purchases or sales of common shares.

How many Restricted Share Units were granted to the SiriusPoint (SPNT) executive?

The executive received 15,622 Restricted Share Units as a compensation grant. These RSUs were issued under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan and will vest in equal annual instalments over three years, subject to his continued employment with the company.

Why were SiriusPoint (SPNT) shares disposed of in this Form 4 filing?

Shares were disposed of solely to cover current tax liabilities from vesting restricted share units. A total of 24,450 common shares were withheld by the company for this purpose, rather than being sold in the open market, making these mechanical tax-withholding transactions.

At what prices were SiriusPoint (SPNT) shares withheld for taxes?

Tax-withholding dispositions occurred at per-share prices of $18.72, $16.04, and $16.05. These prices reflect the fair market value at the time of the vesting events and determine how many shares were needed to satisfy the related tax obligations.

Do these SiriusPoint (SPNT) Form 4 transactions indicate open-market buying or selling?

No, the disclosed transactions do not indicate open-market buying or selling. They consist of a grant of 15,622 Restricted Share Units and several F-code tax-withholding dispositions, where shares were withheld by SiriusPoint to pay tax liabilities tied to vesting restricted share units.

How do the new RSUs for SiriusPoint (SPNT) vest over time?

The 15,622 Restricted Share Units vest in equal annual instalments over three years. Vesting is contingent on the executive’s continued employment, aligning his compensation with long-term company performance and encouraging retention during the three-year vesting period.