Schenk Chris 4
Research Summary
AI-generated summary
Ategrity (ASIC) President Chris Schenk Receives 21,981-Share Award
What Happened
- Chris Schenk, President and Chief Underwriting Officer of Ategrity Specialty Insurance Co Holdings (ASIC), acquired 21,981 shares on March 5, 2026. The filing reports the shares as a derivative award (code A) at $0.00 per share — this reflects vesting of a previously granted option rather than an open-market purchase or sale. No sale of the shares was reported in the Form 4.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-05-07.
- Reported transaction: 21,981 shares acquired at $0.00 (derivative award/vesting).
- Footnote: On Jan 1, 2022 Schenk was granted an option for 43,963 shares; 50% (21,981 shares) became eligible to vest as of Jan 1, 2026 after Ategrity met performance criteria for fiscal years 2024–2025, triggering this vesting.
- Shares owned after the transaction: not specified in the filing.
- Timeliness: The Form 4 was filed about two months after the March 5 transaction, which appears late relative to the SEC’s two-business-day filing requirement.
Context
- This was a vesting of a previously awarded option (derivative award), not an open-market purchase or sale. Such vesting reports reflect compensation or incentive plan payouts and are not direct indications of buying or selling intent.