SiriusPoint (SPNT) leader withholds 1,068 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd executive Charles Patrick John, Global Head of P&C, reported a tax-related share disposition. On the vesting of restricted share units, 1,068 Common Shares were withheld at $23.29 per share to cover current tax liabilities. Following this non-market tax-withholding event, he holds 145,658 Common Shares directly, which includes restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Charles Patrick John
Role
Global Head of P&C
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 1,068 | $23.29 | $25K |
Holdings After Transaction:
Common Shares — 145,658 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: 1,068 shares
Withholding reference price: $23.29 per share
Shares held after transaction: 145,658 shares
+1 more
4 metrics
Shares withheld for taxes
1,068 shares
Tax-withholding disposition on RSU vesting
Withholding reference price
$23.29 per share
Value used for withheld Common Shares
Shares held after transaction
145,658 shares
Direct Common Share holdings including restricted shares
Tax-withholding transactions
1 event / 1,068 shares
Summary of Form 4 tax-withholding activity
Key Terms
restricted share units, tax-withholding disposition, Common Shares, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition related to RSU vesting."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describes the reported transaction."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did SiriusPoint (SPNT) disclose in this Form 4 filing?
SiriusPoint reported that executive Charles Patrick John had 1,068 Common Shares withheld to cover tax liabilities on vesting restricted share units. This was an administrative tax-withholding event, not an open-market trade, and his direct holdings now total 145,658 shares.
Was this SiriusPoint (SPNT) insider transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition, where 1,068 shares were withheld to cover tax liabilities on restricted share unit vesting. This is an administrative step by the issuer, not a discretionary open-market sale initiated by the executive.