4//SEC Filing
Scherer Alexandre 4
Accession 0001601669-20-000056
CIK 0001601669other
Filed
Apr 27, 8:00 PM ET
Accepted
Apr 28, 8:40 PM ET
Size
9.9 KB
Accession
0001601669-20-000056
Insider Transaction Report
Form 4
Scherer Alexandre
CEO (WSIC; WIC)
Transactions
- Exercise/Conversion
Restricted Share Units - 2019
2020-04-26−4,712→ 9,423 total→ Common Shares, par value $0.01/share (4,712 underlying) - Exercise/Conversion
Common Shares, par value $0.01/share
2020-04-26+4,712→ 11,212 total
Holdings
- 800
8 1/2 Cumulative Redeemable Preference Shares
- 5,435
Restricted Share Units - 2020
→ Common Shares, par value $0.01/share (5,435 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.
Documents
Issuer
Watford Holdings Ltd.
CIK 0001601669
Entity typeother
Related Parties
1- filerCIK 0001767383
Filing Metadata
- Form type
- 4
- Filed
- Apr 27, 8:00 PM ET
- Accepted
- Apr 28, 8:40 PM ET
- Size
- 9.9 KB