SiriusPoint (SPNT) exec has 39,502 shares withheld for RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd executive Charles Patrick John, Global Head of P&C, reported routine share dispositions related to tax withholding. A total of 39,502 common shares were withheld at $22.67 per share to cover tax liabilities triggered by vesting of performance-based and time-based restricted share units, and he now directly holds 136,009 common shares, including restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Charles Patrick John
Role
Global Head of P&C
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 36,152 | $22.67 | $820K |
| Tax Withholding | Common Shares | 2,009 | $22.67 | $46K |
| Tax Withholding | Common Shares | 1,341 | $22.67 | $30K |
Holdings After Transaction:
Common Shares — 139,359 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-withholding shares: 39,502 shares
Withholding price: $22.67 per share
Post-transaction holdings: 136,009 shares
+1 more
4 metrics
Tax-withholding shares
39,502 shares
Common shares withheld to cover tax liabilities on vesting equity
Withholding price
$22.67 per share
Valuation used for all three tax-withholding dispositions
Post-transaction holdings
136,009 shares
Directly held SiriusPoint common shares after dispositions, includes restricted
Largest single withholding
36,152 shares
Largest of three F-code tax-withholding entries on common shares
Key Terms
tax-withholding disposition, performance based restricted share units, restricted share units, restricted shares
4 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 Charles Patrick John report on this Form 4?
He reported routine share dispositions where 39,502 SiriusPoint common shares were withheld to cover tax liabilities tied to vesting of performance-based and time-based restricted share units, rather than discretionary open-market sales, reflecting a compensation-related event.
Were these SiriusPoint (SPNT) transactions open-market sales by the executive?
No, the Form 4 classifies them as tax-withholding dispositions under code F. Shares were surrendered to cover current tax liabilities from vesting restricted and performance-based share units, rather than sold in discretionary open-market transactions initiated by the executive.
What type of equity awards triggered the SiriusPoint (SPNT) tax-withholding events?
The footnotes state the events were tied to vesting of performance based restricted share units and restricted share units. When these awards vested, a portion of the resulting shares was withheld by the company to satisfy associated tax obligations.