BRADLEY THOMAS A 4
4 · Argo Group International Holdings, Ltd. · Filed Nov 16, 2023
Insider Transaction Report
Form 4
BRADLEY THOMAS A
Director
Transactions
- Disposition to Issuer
Common Stock
2023-11-16$30.00/sh−68,740$2,062,200→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to a definitive agreement and plan of merger (the "Merger Agreement"), dated as of February 8, 2023, by and among Argo Group International Holdings, Ltd. (the "Company"), Brookfield Reinsurance Ltd. ("Brookfield Reinsurance") and BNRE Bermuda Merger Sub Ltd., a wholly owned subsidiary of Brookfield Reinsurance ("Merger Sub"), whereby Merger Sub will merge with and into the Company in accordance with the Bermuda Companies Act 1981 (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Brookfield Reinsurance. At the effective time of the Merger, each issued and outstanding Company ordinary share was automatically canceled and converted into the right to receive $30.00 in cash.
- [F2]Includes all shares held by the Reporting Person immediately prior to the Merger each of which, at the effective time of the Merger, was converted into the right to receive $30.00 in cash.
- [F3]At the effective time of the Merger, pursuant to the terms of the Merger Agreement, the 135,000 stock appreciation rights ("SARs") held by the Reporting Person were cancelled for no value due to the per share exercise price of such SARs being greater than the $30.00 per share Merger consideration.