CRO at Fidelis Insurance (FIHL) corrects Form 3 share holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Fidelis Insurance Holdings Ltd Chief Risk Officer Michael Justin Pearson filed an amended Form 3 to correct his reported holdings. The amendment increases his beneficial ownership by 17,000 common shares that were previously omitted, bringing the total to 171,461 common shares. This amount includes 40,996 restricted share units (RSUs) subject to time-based vesting, each representing a contingent right to receive one common share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pearson Michael Justin
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 171,461 shares (Direct, null)
Footnotes (1)
- This amendment restates the original Form 3 filed by the Reporting Person on March 18, 2026, solely to correct the amount of securities beneficially owned in Table I, column 2, which inadvertently excluded 17,000 additional common shares beneficially owned by the Reporting Person, and has been corrected herein. Includes 40,996 restricted share units ("RSUs") subject to time-based vesting conditions. Each RSU represents a contingent right to receive one common share upon vesting.
Key Figures
Beneficial ownership: 171,461 common shares
Previously omitted shares: 17,000 common shares
Restricted share units: 40,996 RSUs
3 metrics
Beneficial ownership
171,461 common shares
Total common shares beneficially owned after amendment
Previously omitted shares
17,000 common shares
Additional common shares initially excluded, now included in Table I
Restricted share units
40,996 RSUs
RSUs subject to time-based vesting, each for one common share
Key Terms
beneficially owned, restricted share units ("RSUs"), time-based vesting conditions, contingent right
4 terms
beneficially owned financial
"to correct the amount of securities beneficially owned in Table I, column 2"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
time-based vesting conditions financial
"restricted share units ("RSUs") subject to time-based vesting conditions"
contingent right financial
"Each RSU represents a contingent right to receive one common share upon vesting"
FAQ
What does Fidelis Insurance (FIHL) Chief Risk Officer’s amended Form 3 report?
The amended Form 3 reports that Fidelis Insurance Chief Risk Officer Michael Justin Pearson beneficially owns 171,461 common shares. This updated figure corrects a prior underreporting and now reflects all shares and 40,996 RSUs disclosed as of the amendment.
Why was Michael Justin Pearson’s Form 3 for FIHL amended?
The Form 3 was amended to correct the amount of securities beneficially owned. The original filing inadvertently excluded 17,000 additional common shares held by Pearson, and the amended version restates Table I, column 2 to include these previously omitted shares.
Does the amended Form 3 for FIHL indicate any new buy or sell transactions?
The amended Form 3 does not indicate any new buy or sell transactions. It is described as an amendment to restate the beneficially owned amount, focusing solely on correcting Pearson’s ownership total rather than reporting fresh market trades.
How do the RSUs affect Pearson’s total reported ownership in FIHL?
The 40,996 RSUs are included in Pearson’s total of 171,461 common shares as beneficial ownership. Although each RSU is only a contingent right until vesting, they are counted for disclosure purposes because they may convert into one common share upon meeting vesting conditions.