Oltman Jonathan E 4
4 · Global Indemnity Ltd · Filed Mar 17, 2020
Insider Transaction Report
Form 4
Oltman Jonathan E
Executive Vice Presdient
Transactions
- Award
CLASS A ORDINARY SHARES
2020-03-13$29.63/sh+4,218$124,979→ 45,971 total - Award
Restricted Share Unit
2020-03-13$29.63/sh+4,219$125,009→ 4,219 totalExercise: $0.00From: 2023-01-01Exp: 2023-03-15→ Class A Ordinary Shares (4,219 underlying)
Footnotes (2)
- [F1]Represents restricted share units (RSUs) covering 4,218 A Ordinary shares of the issuer that vest ratably over three years on January 1, 2021, January 1, 2022, and January 1, 2023, subject to the reporting person remaining employed with the issuer through the applicable vesting date. Upon vesting the reporting person will receive A Ordinary Shares of the issuer.
- [F2]Represents RSUs covering 4,219 A Ordinary shares of the issuer that vest after a re-measurement of the 2019 combined ratio, three years after the grant, subject to the reporting person remaining employed with the issuer through the applicable vesting date. Vesting occurs if the re-measured combined ratio is not greater than the original 2019 combined ratio. Upon vesting, the reporting person will receive A Ordinary shares of the issuer.