Levy Jon D. 4
4 · Watford Holdings Ltd. · Filed Apr 26, 2021
Insider Transaction Report
Form 4
Levy Jon D.
Chief Risk Officer
Transactions
- Exercise/Conversion
Restricted Share Units - 2019
2021-04-26−11,308→ 11,308 total→ Common Shares, par value $0.01/share (11,308 underlying) - Exercise/Conversion
Common Shares, par value $0.01/share
2021-04-26+11,308→ 38,661 total
Holdings
- 14,493
Restricted Share Units - 2020
→ Common Shares, par value $0.01/share (14,493 underlying) - 4,084
8 1/2 Cumulative Redeemable Preference Shares
Footnotes (4)
- [F1]Represents conversion of restricted share units to fully vested common shares 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 of Watford Holdings Ltd.
- [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% vested 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.