Malloy Daniel V. 4
4 · SiriusPoint Ltd · Filed Apr 16, 2021
Insider Transaction Report
Form 4
SiriusPoint LtdSPNT
Malloy Daniel V.
EVP, Underwriting
Transactions
- Disposition to Issuer
Common Shares
2021-04-14−102,301→ 701,673 total - Award
Common Shares
2021-04-14+35,895→ 737,568 total - Award
Options (Right to Buy)
2021-04-14+73,785→ 73,785 totalExercise: $10.36Exp: 2031-04-14→ Common Shares (73,785 underlying)
Footnotes (5)
- [F1]Reflects a reduction in previously granted performance shares (at maximum) under the SiriusPoint Ltd. 2013 Omnibus Incentive Plan (the "Plan") upon adjudication of performance goal achievement of the open performance cycles through December 31, 2021. The resulting number of shares equals the number of restricted shares at target levels, and will vest based on continued service based on four vesting dates in 2022, 2023 and 2024.
- [F2]Includes restricted shares.
- [F3]Includes 35,895 restricted share units granted under the Plan that vest in equal annual installments over three years based on continued employment.
- [F4]The options shall vest and become exercisable on the third anniversary of the grant date, subject to continued employment through each such vesting date. The options expire on the tenth anniversary of the grant date.
- [F5]Grant of options to purchase Common Shares under the Plan, exempt under Rule 16b-3.