SiriusPoint (NYSE: SPNT) president uses 4,488 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd Group President David E. Govrin reported a tax-related share withholding. On the vesting of restricted share units, 4,488 Common Shares were withheld on April 30, 2026 at $23.29 per share to cover current tax liabilities.
After this tax-withholding disposition, Govrin directly owns 673,208 Common Shares, which the disclosure notes include restricted shares. This event reflects routine tax settlement on equity compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Govrin David E.
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 4,488 | $23.29 | $105K |
Holdings After Transaction:
Common Shares — 673,208 shares (Direct, null)
Footnotes (1)
- Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units. Includes restricted shares.
Key Figures
Shares withheld for taxes: 4,488 shares
Withholding share price: $23.29 per share
Shares owned after transaction: 673,208 shares
3 metrics
Shares withheld for taxes
4,488 shares
Tax-withholding disposition on April 30, 2026
Withholding share price
$23.29 per share
Value used for tax-withholding transaction
Shares owned after transaction
673,208 shares
Post-transaction direct holdings, including restricted shares
Key Terms
restricted share units, tax-withholding disposition, Common Shares
3 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, transaction_code_description: Payment of exercise price or tax liability by delivering securities"
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 insider transaction did SiriusPoint (SPNT) report for David E. Govrin?
SiriusPoint reported that Group President David E. Govrin had 4,488 Common Shares withheld to cover taxes on vested restricted share units. This was a tax-withholding disposition, not an open-market purchase or sale of shares.
Was David Govrin’s SiriusPoint (SPNT) Form 4 transaction an open-market sale?
The transaction was not an open-market sale. The Form 4 describes it as a tax-withholding disposition, with 4,488 shares withheld to pay current tax liabilities triggered by the vesting of restricted share units.