PASQUESI JOHN M 4
Research Summary
AI-generated summary
ARCH Capital (ACGL) Chair John Pasquesi Gifts 1,006,700 Shares
What Happened
- John M. Pasquesi, Chair and Director of ARCH Capital Group Ltd. (ACGL), reported gift transactions on June 11, 2026. The filing shows a gift disposition of 1,006,700 common shares at $0.00 and a corresponding gift acquisition of 1,006,700 common shares at $0.00. No cash changed hands — the transactions are recorded as gifts (code G) and have a $0 transaction value.
Key Details
- Transaction date: June 11, 2026; Filing date: June 15, 2026 (filed within the normal Form 4 deadline).
- Price: $0.00 per share (gift).
- Share amount: 1,006,700 shares reported as gifted (both disposed and acquired entries of same size).
- Holdings notes from the filing:
- F1: Includes 1,820,981 shares held by a revocable trust that were previously reported separately.
- F2: The common shares are held by a revocable trust for which the reporting person and spouse are trustees and beneficiaries.
- F3: Includes 1,005 shares owned directly by the reporting person that were previously reported as held by the revocable trust.
- The Form 4 does not show a cash sale or purchase; it records internal transfers/gifts and does not state a net change in beneficial ownership on its face.
Context
- Gifts are transfers for estate-planning, family, or trust-structuring reasons and do not necessarily reflect the insider’s view of the company’s stock price. The matched dispose/acquire entries suggest a reclassification or transfer involving the revocable trust rather than a market sale. Retail investors should treat gift filings as informational but not as a straightforward bullish/bearish trading signal.