4//SEC Filing
Richardson Laurence B. II 4
Accession 0001601669-20-000060
CIK 0001601669other
Filed
Apr 27, 8:00 PM ET
Accepted
Apr 28, 8:49 PM ET
Size
9.4 KB
Accession
0001601669-20-000060
Insider Transaction Report
Form 4
Richardson Laurence B. II
Chief Operating Officer
Transactions
- Exercise/Conversion
Restricted Share Units - 2019
2020-04-26−16,962→ 0 total→ Common Shares, par value $0.01/share (16,962 underlying) - Exercise/Conversion
Common Shares, par value $0.01/share
2020-04-26+16,962→ 19,462 total
Holdings
- 7,609
Restricted Share Units - 2020
→ Common Shares, par value $0.01/share (7,609 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]On May 10, 2019, the Reporting Person was granted 16,962 restricted share units ("RSUs"), which RSUs were fully vested and not subject to restriction at issuance as a result of the Reporting Person having reached Retirement Age as provided in the related Restricted Share Unit Award Agreement (the "Award Agreement"). On April 26, 2020, the RSUs were converted into common shares on a one-for-one basis, in accordance with the settlement provisions of the Award Agreement.
- [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 0001765289
Filing Metadata
- Form type
- 4
- Filed
- Apr 27, 8:00 PM ET
- Accepted
- Apr 28, 8:49 PM ET
- Size
- 9.4 KB