Hawley Robert L. 4
4 · Watford Holdings Ltd. · Filed Apr 28, 2020
Insider Transaction Report
Form 4
Hawley Robert L.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Shares, par value $0.01/share
2020-04-26+6,597→ 18,078 total - Exercise/Conversion
Restricted Share Units - 2019
2020-04-26−6,597→ 13,192 total→ Common Shares, par value $0.01/share (6,597 underlying)
Holdings
- 9,783
Restricted Share Units - 2020
→ Common Shares, par value $0.01/share (9,783 underlying)
Footnotes (4)
- [F1]Represents conversion of restricted share units to fully vested common shares of Watford Holdings Ltd. equal to the number of restricted share units that have vested. The restricted share units have no exercise price.
- [F2]Each restricted share unit represents a contingent right to receive one common share.
- [F3]The reporting person received a restricted share unit grant subject to a three-year vesting schedule, of which 33.34% vested on the one year anniversary of April 26, 2019, 33.33% will vest on the second year anniversary and 33.33% will vest on the third year anniversary. Upon vesting, the reporting person will receive a number of common shares equal to the number of restricted share units that have vested.
- [F4]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.