Hawley Robert L. 4
4 · Watford Holdings Ltd. · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Hawley Robert L.
Chief Financial Officer
Transactions
- Award
Restricted Share Units
2020-03-01+9,783→ 29,572 total→ Common Shares, par value $0.01/share (9,783 underlying)
Holdings
- 11,481
Common Shares, par value $0.01/share
Footnotes (2)
- [F1]Each restricted share unit represents a contingent right to receive one common share of Watford Holdings Ltd.
- [F2]The reporting person received a restricted share unit grant, 50% of which are subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary of March 1, 2020, 33.33% on the second year anniversary and 33.33% on the third year anniversary. The remaining 50% of the granted restricted share units are subject to performance metrics defined in the 2018 Stock Plan and cliff-vest on the third anniversary of March 1, 2020. Upon vesting, the reporting person will receive a number of common shares equal to the number of restricted share units that have vested.