Global Indemnity (GBLI) director awarded Class A and A-2 share grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGeehan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Thomas McGeehan received equity compensation in the form of common shares. He was granted 4,212 vested Class A Common Shares at $28.19 per share in recognition of his services as a board member. Following this grant, he directly holds 83,063 Class A Common Shares. He was also awarded Class A-2 Common Shares that vest only upon a defined Change of Control, and he directly holds 20,000 Class A-2 Common Shares after these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McGeehan Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 4,212 | $28.19 | $119K |
| holding | Class A-2 Common Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares — 83,063 shares (Direct);
Class A-2 Common Shares — 20,000 shares (Direct)
Footnotes (1)
- Represents a grant of vested Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the issuer. Represents a grant of Class A-2 Common Shares ("A-2 Shares") awarded in recognition of services rendered as a board member of the Issuer. The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement).
Key Figures
Class A shares granted: 4,212 shares
Grant price per Class A share: $28.19/share
Class A shares held after grant: 83,063 shares
+1 more
4 metrics
Class A shares granted
4,212 shares
Vested Class A Common Shares granted as board compensation
Grant price per Class A share
$28.19/share
Price for vested Class A Common Shares grant
Class A shares held after grant
83,063 shares
Direct Class A Common Share holdings after transaction
Class A-2 shares held
20,000 shares
Direct Class A-2 Common Shares following award, vest on Change of Control
Key Terms
Class A Common Shares, Class A-2 Common Shares, Change of Control, grant of vested Class A Common Shares, +1 more
5 terms
Change of Control financial
"The A-2 Shares vest upon a Change of Control (as defined in the A-2 Shares Award Agreement)"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did GBLI director Thomas McGeehan acquire in this Form 4 filing?
Director Thomas McGeehan received 4,212 vested Class A Common Shares as equity compensation. The award recognizes his services as a board member and was priced at $28.19 per share, increasing his direct Class A holdings to 83,063 shares.
Is the GBLI Form 4 transaction an open-market purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open-market purchase. McGeehan received 4,212 vested Class A Common Shares and additional Class A-2 Common Shares as awards for services rendered as a board member of Global Indemnity Group, LLC.