SiriusPoint (SPNT) executive has 78,454 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd executive Leonardo Thomas C., Global Head of A&H, reported several routine share dispositions tied to equity compensation. On April 14, 2026, a total of 78,454 Common Shares were withheld at $22.67 per share to cover tax liabilities on vesting of performance-based and other restricted share units. After these tax-withholding transactions, he directly holds 240,364 Common Shares, which include restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Leonardo Thomas C.
Role
Global Head of A&H
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 42,360 | $22.67 | $960K |
| Tax Withholding | Common Shares | 2,354 | $22.67 | $53K |
| Tax Withholding | Common Shares | 30,620 | $22.67 | $694K |
| Tax Withholding | Common Shares | 3,120 | $22.67 | $71K |
Holdings After Transaction:
Common Shares — 276,458 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 (largest entry): 42,360 shares
Additional tax-withholding shares: 2,354 shares
Performance RSU tax-withholding shares: 30,620 shares
+4 more
7 metrics
Tax-withholding shares (largest entry)
42,360 shares
Common Shares withheld on April 14, 2026
Additional tax-withholding shares
2,354 shares
Common Shares withheld on April 14, 2026
Performance RSU tax-withholding shares
30,620 shares
Common Shares withheld on April 14, 2026
Further RSU tax-withholding shares
3,120 shares
Common Shares withheld on April 14, 2026
Total tax-withholding shares
78,454 shares
Sum of F-code dispositions on April 14, 2026
Reference share price
$22.67 per share
Price used for all tax-withholding entries
Post-transaction holdings
240,364 shares
Directly held Common Shares after final transaction
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 Leonardo Thomas C. report in this Form 4?
He reported routine tax-withholding dispositions. A total of 78,454 SiriusPoint common shares were withheld on April 14, 2026 to satisfy tax liabilities related to vesting equity awards, rather than sold in open-market transactions.
Were the SiriusPoint (SPNT) Form 4 transactions open-market sales or routine tax events?
They were routine tax events. The transactions are coded “F” and footnotes explain the shares were withheld to cover current tax liabilities upon vesting of restricted share units and performance-based restricted share units, not discretionary open-market sales.