SiriusPoint (SPNT) exec Gibbs sees 2,174 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SiriusPoint Ltd executive Robin Gibbs, CEO of SiriusPoint International, reported a routine tax-related share disposition. On the vesting of restricted share units, 2,174 Common Shares were withheld at $23.29 per share to cover current tax liabilities. Following this withholding, Gibbs directly owns 164,063 Common Shares, which includes restricted shares.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,174 | $23.29 | $51K |
Holdings After Transaction:
Common Shares — 164,063 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: 2,174 shares
Per-share value for withholding: $23.29 per share
Shares owned after transaction: 164,063 shares
3 metrics
Shares withheld for taxes
2,174 shares
Tax-withholding disposition on restricted share unit vesting
Per-share value for withholding
$23.29 per share
Valuation used for withheld Common Shares
Shares owned after transaction
164,063 shares
Direct ownership after withholding, includes restricted shares
Key Terms
restricted share units, tax-withholding disposition, Common Shares, 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 insider transaction did SiriusPoint (SPNT) executive Robin Gibbs report?
Robin Gibbs reported a tax-withholding disposition of 2,174 SiriusPoint Common Shares. The shares were withheld to cover current tax liabilities arising from the vesting of restricted share units, rather than being sold on the open market, making this a routine compensation-related event.
Is the SiriusPoint (SPNT) Form 4 for Robin Gibbs an open-market sale?
No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy current tax liabilities from restricted share unit vesting, which is a standard, non-discretionary mechanism for handling equity compensation taxes.