D'Orazio Frank 4

What Happened

• Frank D'Orazio, CEO of James River Group Holdings, received a grant of 143,461 restricted share units (RSUs) on March 4, 2026. The Form 4 reports an acquisition price of $0.00 (no cash exchanged). Per the filing, the RSUs are payable solely in common stock and will vest in three equal annual installments on March 4 of 2027, 2028 and 2029.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely)
• Transaction code: A (award/grant); price per share reported: $0.00; total cash reported: $0
• Shares/units granted: 143,461 RSUs
• Vesting: three equal annual installments on March 4, 2027; March 4, 2028; March 4, 2029 (footnote F1)
• Shares owned after transaction: not disclosed in the filing
• No 10b5-1 plan, tax withholding, or late-filing notes included in this Form 4

Context

• RSUs are compensation units that convert into shares only upon vesting and may be forfeitable until then; the $0 reported reflects no cash paid at grant, not the economic value of the award. Executive grants are common compensation events and do not by themselves indicate immediate buying or selling intentions.