Brenden Justin J. 4
4 · Third Point Reinsurance Ltd. · Filed Feb 28, 2019
Insider Transaction Report
Form 4
Brenden Justin J.
Chief Reserving Actuary
Transactions
- Disposition to Issuer
Common Shares
2019-02-26−9,613→ 79,488 total - Award
Common Shares
2019-02-26+32,273→ 89,101 total
Footnotes (3)
- [F1]Includes 12,909 restricted shares granted under the Third Point Reinsurance Ltd. 2013 Omnibus Incentive Plan (the "Plan") that vest in equal annual installments over three years based on continued employment and 19,364 restricted shares granted under the Plan that vest based on continued employment and the achievement of certain financial performance measures over a three-year performance period. The number of shares that may be retained upon vesting of the performance shares will vary based on the level of achievement of the performance goals. The number of performance shares reflected on this form is the number that would vest if the maximum performance level is achieved (12,909 would vest at target).
- [F2]Includes restricted shares.
- [F3]Reflects reduction in previously granted performance shares under the Third Point Re Ltd. 2013 Omnibus Incentive Plan upon certification of performance goal achievement.