Global Indemnity (GBLI) CFO receives 20,000 Class A-2 share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riley Brian Joseph reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC’s Chief Financial Officer Brian Joseph Riley received a grant of 20,000 Class A-2 Common Shares as compensation for services as an officer. The shares were granted at no cost and will vest only upon a Change of Control as defined in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riley Brian Joseph
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A-2 Common Shares | 20,000 | $0.00 | -- |
Holdings After Transaction:
Class A-2 Common Shares — 20,000 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Global Indemnity Group (GBLI) report for its CFO?
Global Indemnity Group reported that CFO Brian Joseph Riley received a grant of 20,000 Class A-2 Common Shares. The shares were awarded as recognition for services rendered as an officer and were granted at no cost to the executive.
Is the Form 4 transaction for Global Indemnity’s CFO a market buy or a compensation award?
The Form 4 transaction is a compensation award, not a market purchase. It is coded as a grant or award acquisition, representing 20,000 Class A-2 Common Shares given in recognition of services rendered as an officer of Global Indemnity Group, LLC.
How did this stock grant change the Global Indemnity (GBLI) CFO’s direct holdings?
After the grant, the CFO directly holds 20,000 Class A-2 Common Shares. The Form 4 shows these shares as his total direct holdings following the transaction, reflecting the full grant amount subject to vesting upon a Change of Control event.