GBLI (GBLI) director awarded 5,630 Class A shares as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gersch Seth reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Seth Gersch received an equity grant of 5,630 Class A Common Shares. The shares were valued at $28.19 per share and were awarded as compensation rather than purchased on the open market.
The grant consists of 3,547 vested Class A Common Shares in recognition of his services as a board member and 2,083 additional vested shares as a tax gross-up. Following this grant, Gersch directly holds 262,685 Class A Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gersch Seth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 5,630 | $28.19 | $159K |
Holdings After Transaction:
Class A Common Shares — 262,685 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 5,630 shares
Grant price per share: $28.19 per share
Shares after transaction: 262,685 shares
+2 more
5 metrics
Equity grant size
5,630 shares
Vested Class A Common Shares granted to director
Grant price per share
$28.19 per share
Value assigned to Class A Common Shares in grant
Shares after transaction
262,685 shares
Total Class A Common Shares held directly after grant
Board service portion
3,547 shares
Vested Class A Common Shares for services as board member
Tax gross-up portion
2,083 shares
Vested Class A Common Shares granted as tax gross-up
Key Terms
Class A Common Shares, tax gross-up, grant, award, or other acquisition
3 terms
tax gross-up financial
"and 2,083 vested A Common Shares granted as a tax gross-up"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did GBLI director Seth Gersch report on this Form 4?
Seth Gersch reported receiving 5,630 GBLI Class A Common Shares as an equity grant. The shares were awarded at $28.19 per share and represent director compensation rather than an open-market stock purchase or sale.
Was the GBLI Form 4 transaction a market purchase or a compensation grant?
The GBLI Form 4 transaction was a compensation grant, not a market purchase. It reflects 5,630 vested Class A Common Shares awarded for board service and as a tax gross-up, coded as a grant or other acquisition rather than an open-market trade.