SiriusPoint Ltd·4

Apr 16, 7:31 PM ET

Gibbs Robin 4

Research Summary

AI-generated summary

Updated

SiriusPoint (SPNT) CEO Robin Gibbs Withholds Shares for Taxes

What Happened

  • Robin Gibbs, CEO of SiriusPoint International, had a total of 79,115 SiriusPoint (SPNT) shares disposed via withholding to cover tax liabilities tied to the vesting of restricted share units.
  • Transactions on 2026-04-14: 72,375 shares @ $22.67 = $1,640,741; 4,021 shares @ $22.67 = $91,156; 2,719 shares @ $22.67 = $61,640. Total value ≈ $1,793,537.
  • This was a tax-withholding disposal (routine), not an open-market sale or a purchase.

Key Details

  • Transaction date: 2026-04-14; Price per share: $22.67 for all lots.
  • Shares withheld (total): 79,115; Total consideration (approx): $1,793,537.
  • Shares owned after transaction: not specified in the filing.
  • Footnotes: F1 and F3 indicate shares were withheld to cover current tax liabilities from vesting of performance-based and standard restricted share units; F2 notes inclusion of restricted shares.
  • Filing timeliness: filed on 2026-04-16 for the 2026-04-14 transactions — no late filing indicated.

Context

  • These transactions represent a cashless, net-share settlement to satisfy tax withholding on vested RSUs (insider did not execute an open-market sale).
  • Such withholding is routine following RSU vesting and does not necessarily indicate a change in insider sentiment about the company.