FOX SAUL A 4
4 · Global Indemnity Group, LLC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Global Indemnity (GBLI) 10% Owner Saul Fox Receives Award
What Happened
Saul A. Fox, a board member and reported 10% owner of Global Indemnity Group, LLC (GBLI), was granted 8,446 Class A common shares on 2026-03-31 at an implicit value of $28.19 per share, totaling approximately $238,093. The grant is reported as an acquisition (transaction code A) rather than an open-market purchase or sale.
Key Details
- Transaction date and value: 8,446 A Common Shares on 2026-03-31 at $28.19 each; total value ≈ $238,093.
- Grant breakdown (Footnote F1): 5,321 A Common Shares for board services and 3,125 A Common Shares as a tax gross-up.
- Shares owned after transaction: the Form 4 does not list a single "owned after" total for Mr. Fox personally; the filing reports substantial indirect holdings through related entities (see below).
- Notable footnotes:
- F2–F4 describe indirect holdings through Mercury Assets Delaware LLC, Fox Mercury Investments, L.P., and Fox Paine Global, Inc.; Mr. Fox disclaims beneficial ownership of those securities except to the extent of his indirect pecuniary interest.
- Exhibit 24 (Power of Attorney) attached.
- Timeliness: Report period 2026-03-31; Form 4 filed 2026-04-02 — filed within the typical two-business-day window (timely).
Context
This was a grant/award tied to board service (plus tax gross-up), not a market purchase or sale. Awards and tax-withholding grants are common compensation events and do not by themselves indicate buy/sell sentiment. Because Mr. Fox is reported as a 10% owner with significant indirect holdings via affiliated entities, those holdings are institutional/indirect in nature and he disclaims direct beneficial ownership of many of them per the filing.
Insider Transaction Report
- Award
Class A Common Shares
[F1][F2]2026-03-31$28.19/sh+8,446$238,093→ 1,882,986 total(indirect: See Footnote)
- 293,715(indirect: See Footnote)
Class A Common Shares
[F3] - 550,000(indirect: See Footnote)
Class A-2 Common Shares
[F4]
Footnotes (4)
- [F1]Represents a grant of 5,321 Class A Common Shares ("A Common Shares") in recognition of services rendered as a board member of the Issuer and 3,125 A Common Shares granted as a tax gross-up.
- [F2]Includes 1,197,651 A Common Shares held by Mercury Assets Delaware LLC and Common Shares owned indirectly by Mercury Assets Delaware LLC through its limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 Class B Common Shares ("B Common Shares"). The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
- [F3]Common Shares owned indirectly by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. Mr. Fox is a director of Fox Paine Global, Inc. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
- [F4]Common Shares held by Mercury Assets Delaware LLC, which holds 550,000 Class A-2 Common Shares. The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.