Loucaides Andreas Costas 4
Research Summary
AI-generated summary
IGIC CEO Andreas Loucaides Buys 22 Shares, Receives 22-Share Award
What Happened
- Loucaides Andreas Costas (CEO, IGI UK) acquired 22 common shares of International General Insurance Holdings Ltd. (IGIC) on July 7, 2026 by participating in the company’s U.K. Employee Stock Purchase Plan (ESPP) at $27.52 per share (total cost $605). He also received 22 matching shares under the ESPP with a reported $0 acquisition price; those matching shares are eligible to vest in full on July 7, 2027, subject to continued service.
Key Details
- Transaction date: July 7, 2026.
- Purchase: 22 shares at $27.52 each — total $605 (ESPP purchase).
- Award: 22 matching shares at $0.00 — eligible to vest 7/7/2027 (subject to service).
- Footnotes: F1 = shares purchased under the U.K. ESPP; F2 = matching award vests 7/7/2027 if service continues; F3 = all reported shares are held directly except 121 unvested ESPP shares held in an employee trust for the reporting person’s benefit.
- Shares owned after the transaction: not specified in this filing.
- Filing: Form 4 filed July 9, 2026 (two days after the transaction), which appears timely under standard Form 4 rules.
Context
- This is an ESPP purchase plus a matching award — a routine employee benefit rather than an open-market buy or sale. The matching shares are restricted until they vest next year; the immediate cash outlay ($605) is modest, so this is a small insider purchase and primarily reflects participation in the company’s employee plan rather than a large-market signal.