SiriusPoint (SPNT) executive receives 15,622 RSUs and 24,450 shares withheld for taxes
Filing Impact
Filing Sentiment
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
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
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)
- 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.
Key Figures
RSUs granted: 15,622 RSUs
Tax-withheld shares: 24,450 shares
Withholding price: $18.72 per share
+2 more
5 metrics
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
Key Terms
Restricted Share Units, tax liabilities, withheld, 2023 Omnibus Incentive Plan, +1 more
5 terms
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.
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.
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.