Egan Scott 4

What Happened

• Egan Scott, Chief Executive Officer of SiriusPoint Ltd (SPNT), was granted 48,625 restricted share units (RSUs) and simultaneously had 775,029 shares moved from his direct ownership to indirect ownership. The RSUs were reported at $0.00 (award) and the 775,029-share movement was reported as an other acquisition/disposition (code J) with $0.00 consideration — essentially a reclassification, not an open‑market sale.

Key Details

• Transaction date(s): 2026-04-28; Form 4 filed 2026-04-30 (appears timely).
• Grant: 48,625 RSUs at $0.00 (Footnote F1). RSUs vest in equal annual installments over three years based on continued employment.
• Reclassification: 775,029 shares moved from direct ownership to indirect ownership via Egan Family Investment Ltd. (a UK family investment company) for estate planning; no consideration paid (Footnote F3). The filing shows both a "disposed" and an "acquired" entry for the same 775,029 shares reflecting the change in ownership type.
• Price/value: All transactions reported at $0.00 (typical for awards and intra‑family transfers).
• Shares owned after transaction: Not specified in the filing summary provided here.

Context

• RSUs are awards that convert into shares as they vest; vesting over three years means future taxable events and eventual share issuance if vesting conditions are met.
• The 775,029‑share movement is a reclassification to an affiliated entity for estate planning and is not a market sale — it does not necessarily indicate buying or selling sentiment.
• No cash proceeds were reported; these are compensatory and estate‑planning transactions rather than open‑market trades.