Egan Scott 4
Research Summary
AI-generated summary
SiriusPoint (SPNT) CEO Egan Scott Withholds 150,733 Shares for Taxes
What Happened
- SiriusPoint CEO Egan Scott had a total of 150,733 shares withheld on April 14, 2026 to cover tax liabilities related to vested awards. The withholding comprised 138,421 shares ($3,138,004), 7,690 shares ($174,332), and 4,622 shares ($104,781), each at $22.67 per share, for a combined value of approximately $3,417,117.
- These entries are reported as dispositions under code F (tax withholding), not open-market sales — the shares were surrendered to satisfy withholding on vested restricted share units and performance-based restricted share units.
Key Details
- Transaction date: April 14, 2026; Filing date: April 16, 2026 (filed timely).
- Price used for withholding: $22.67 per share.
- Total shares withheld: 150,733; total value ≈ $3,417,117.
- Footnotes: F1 = withholding for performance-based RSUs; F3 = withholding for restricted share units; F2 notes inclusion of restricted shares.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- This is a routine tax-withholding disposition (code F), not a discretionary open-market sale.
Context
- Tax-withholding on vesting is commonly handled by surrendering shares (a cashless method) and does not necessarily reflect a change in the insider’s market view.