SiriusPoint (NYSE: SPNT) CFO logs tax withholding of common shares
Rhea-AI Filing Summary
SiriusPoint Ltd Chief Financial Officer James J. McKinney reported a routine tax-related share disposition. On May 31, 2026, 3,648 Common Shares were withheld at $21.35 per share to cover current tax liabilities tied to vesting of restricted share units. This was not an open-market sale. After the withholding, McKinney directly holds 50,711 Common Shares, which the disclosure notes includes restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 3,648 | $21.35 | $78K |
Footnotes (1)
- Shares withheld to cover current tax liabilities in connection with the vesting of restricted share units. Includes restricted shares.
Key Figures
Key Terms
tax liabilities financial
transaction code F regulatory
Payment of exercise price or tax liability by delivering securities regulatory
FAQ
What insider transaction did SiriusPoint (SPNT) disclose for CFO James J. McKinney?
The filing shows SiriusPoint CFO James J. McKinney had 3,648 Common Shares withheld. These shares were used to satisfy current tax liabilities arising from the vesting of restricted share units, rather than representing an open-market purchase or sale of stock.
What does transaction code F mean in the SiriusPoint (SPNT) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects 3,648 Common Shares withheld to cover current tax liabilities associated with the vesting of McKinney’s restricted share units, not a voluntary stock sale.
Does the SiriusPoint (SPNT) Form 4 show any option exercises or derivative positions for the CFO?
No derivative transactions are reported in this Form 4. The derivativeSummary section is empty, and the only transaction disclosed is the withholding of 3,648 Common Shares for taxes related to vesting restricted share units on May 31, 2026.