Hoffmann Michael J. 4

What Happened
Michael J. Hoffmann, Senior Vice President & Chief Underwriting Officer of James River Group Holdings (JRVR), received a grant of 32,799 restricted stock units (RSUs) on March 4, 2026. The reported acquisition price is $0.00 (code A — award/grant), so no cash was exchanged at grant. These RSUs are payable in shares of common stock on each vesting date rather than being an immediate market purchase.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely).
• Transaction type/code: Award/Grant (A). Reported price: $0.00; reported value: $0 (grant of RSUs).
• Number of RSUs granted: 32,799.
• Vesting: RSUs vest in three equal annual installments on March 4 of 2027, 2028 and 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided filing summary.
• No 10b5-1 plan, tax-withholding or sale noted in the provided details.

Context
RSU grants are deferred compensation: the recipient does not receive tradable shares until the RSUs vest and are converted into common stock. Because this is an award (not a market purchase or sale), it does not necessarily signal immediate buying/selling intent. For retail investors, RSU grants show management compensation alignment with shareholders but are different from open-market purchases, which are often seen as a stronger bullish signal.