SiriusPoint (NYSE: SPNT) grants 5,895 RSUs to underwriting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shapella Anthony reported acquisition or exercise transactions in this Form 4 filing.
SiriusPoint Ltd granted Group Chief Underwriting Officer Anthony Shapella an equity award tied to company common shares. The award includes 5,895 Restricted Share Units (RSUs) granted under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan at no cash cost to him.
The RSUs will vest in equal annual installments over three years, contingent on continued employment, aligning part of his compensation with the company’s long-term performance. Following this grant, Shapella beneficially owns 44,853 common shares, including restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shapella Anthony
Role
Group Chief Underwriting Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 5,895 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 44,853 shares (Direct, null)
Footnotes (1)
- Includes 5,895 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: 5,895 RSUs
Vesting schedule: 3 years
Shares after transaction: 44,853 shares
+1 more
4 metrics
RSUs granted
5,895 RSUs
Equity award under 2023 Omnibus Incentive Plan
Vesting schedule
3 years
RSUs vest in equal annual installments
Shares after transaction
44,853 shares
Total common shares beneficially owned after grant
Grant price per share
$0.0000 per share
Indicates compensation grant, not market purchase
Key Terms
Restricted Share Units ("RSUs"), 2023 Omnibus Incentive Plan, restricted shares, Grant, award, or other acquisition
4 terms
2023 Omnibus Incentive Plan financial
"RSUs granted under the SirusPoint Ltd. 2023 Omnibus Incentive Plan."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did SiriusPoint (SPNT) report for Anthony Shapella?
SiriusPoint reported that Group Chief Underwriting Officer Anthony Shapella received an equity grant of 5,895 Restricted Share Units, or RSUs. These RSUs were granted at no cash cost and form part of his compensation rather than an open-market share purchase.
How do the 5,895 RSUs granted to SiriusPoint (SPNT) executive Anthony Shapella vest?
The 5,895 Restricted Share Units granted to Anthony Shapella vest in equal annual installments over three years. Vesting depends on his continued employment, meaning portions of the award convert into shares each year as long as he remains with SiriusPoint.
What plan governs the RSU grant to SiriusPoint (SPNT) executive Anthony Shapella?
The RSU grant to Anthony Shapella was made under the SiriusPoint Ltd. 2023 Omnibus Incentive Plan. This plan provides for equity-based awards like RSUs and restricted shares to align key employees’ compensation with long-term company performance and shareholder interests.