Levy Jon D. 4
4 · Watford Holdings Ltd. · Filed May 11, 2020
Insider Transaction Report
Form 4
Levy Jon D.
Chief Risk Officer
Transactions
- Award
8 1/2 Cumulative Redeemable Preference Shares
2020-05-11$23.75/sh+1,064$25,270→ 4,084 total - Purchase
Common Shares, par value $0.01/share
2020-05-11$12.85/sh+1,946$25,006→ 24,454 total
Holdings
- 17,392
Restricted Share Units - 2020
→ Common Shares, par value $0.01/share (17,392 underlying) - 22,616
Restricted Share Units - 2019
→ Common Shares, par value $0.01/share (22,616 underlying)
Footnotes (3)
- [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 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.
- [F3]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.