Egan Scott 4

What Happened

Egan Scott, CEO of SiriusPoint Ltd (SPNT), was reported to have received an award of 776,096 shares (transaction code A — award/grant) on February 26, 2026. The Form 4 shows an acquisition price of $0 and a reported total value of $0 for the award. This was a grant of performance/restricted share units (not an open‑market purchase or sale), so it is a compensation/long‑term incentive event rather than immediate buying or selling.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within the typical 2 business‑day reporting window).
• Reported shares acquired: 776,096; reported acquisition price: $0; reported total value: $0.
• Footnote F1: states 776,988 Performance Restricted Share Units (PSUs) were achieved at 200% of target under a 2023–2025 PSU grant; those PSUs vest on April 14, 2026.
• Footnote F2: indicates the filing "includes restricted shares."
• Shares owned after the transaction: not disclosed in the provided filing details.
• Transaction type: Award/Grant (A). No sale, cashless exercise, or 10b5-1 plan noted.

Context

PSUs are performance-based awards that vest only if performance goals are met (here reported as achieved at 200% of target) and typically convert to shares at vesting — so the ultimate value depends on SPNT’s stock price and continued vesting conditions on April 14, 2026. Because this is a compensation grant (not a purchase or sale), it generally reflects pay for performance rather than an immediate insider signal to buy or sell shares. Note the filing line lists 776,096 shares, while footnote F1 references 776,988 PSUs; the filing also references restricted shares (F2), which may explain the numeric details.