SiriusPoint (SPNT) executive Robin Gibbs granted 10,766 RSUs as stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibbs Robin reported acquisition or exercise transactions in this Form 4 filing.
SiriusPoint Ltd reported that Robin Gibbs, CEO of SiriusPoint International, received a grant of 10,766 Common Shares in the form of Restricted Share Units at a price of $0.00 per share. These RSUs were granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan and will vest in equal annual installments over three years based on continued employment. After this award, Gibbs directly holds 166,237 Common Shares, which include restricted shares and the newly granted RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gibbs Robin
Role
CEO, SiriusPoint International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 10,766 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 166,237 shares (Direct, null)
Footnotes (1)
- Includes 10,766 Restricted Share Units ("RSUs") granted under the SirusPoint Ltd. 2023 Omnibus Incentive Plan. The RSUs will vest in equal annual installments over three years based on continued employment. Includes restricted shares.
Key Figures
RSUs granted: 10,766 shares
Grant price: $0.00 per share
Total shares after grant: 166,237 shares
+1 more
4 metrics
RSUs granted
10,766 shares
Restricted Share Units granted to Robin Gibbs
Grant price
$0.00 per share
Reported transaction price for RSU award
Total shares after grant
166,237 shares
Common Shares directly held by Robin Gibbs following transaction
Vesting period
3 years
RSUs vest in equal annual installments over three years
Key Terms
Restricted Share Units, Omnibus Incentive Plan, vesting
3 terms
Omnibus Incentive Plan financial
"RSUs granted under the SirusPoint Ltd. 2023 Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
vesting financial
"The RSUs will vest in equal annual installments 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 transaction did SiriusPoint (SPNT) disclose for Robin Gibbs?
SiriusPoint disclosed that Robin Gibbs received 10,766 Common Shares as a grant under the 2023 Omnibus Incentive Plan. The award is structured as Restricted Share Units with no cash purchase price and represents compensation rather than an open-market share purchase.
What are the terms of the 10,766 RSUs granted to Robin Gibbs at SiriusPoint (SPNT)?
The 10,766 Restricted Share Units granted to Robin Gibbs will vest in equal annual installments over three years. Vesting is contingent on continued employment, meaning Gibbs must remain with the company over that period for the RSUs to fully convert into common shares.
Was there any cash price paid for the SiriusPoint (SPNT) RSU grant to Robin Gibbs?
No cash price was paid for this award. The Form 4 reports a transaction price of $0.00 per share, confirming the 10,766 Common Shares were received as a compensation grant, not purchased in an open-market or privately negotiated transaction.
Is the Robin Gibbs Form 4 for SiriusPoint (SPNT) an open-market buy or a compensation grant?
The Form 4 reflects a compensation grant, not an open-market buy. The transaction code is “A” for grant, award, or other acquisition, and the filing specifies 10,766 Restricted Share Units awarded under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan at no cash cost.