Leonardo Thomas C. 4

What Happened

• Leonardo Thomas C., Global Head of Accident & Health at SiriusPoint Ltd. (SPNT), received a grant of 15,622 Restricted Share Units (RSUs) on 2025-04-25 under the SiriusPoint 2023 Omnibus Incentive Plan. The RSUs were granted at $0.00 per share (compensation award).
• Separately, Thomas had multiple share dispositions labeled as tax-withholdings (F) on 2025-04-06, 2025-04-14, and 2025-08-31 totalling 24,450 shares withheld and reported as disposed. The reported proceeds from those withholdings sum to approximately $424,605 (individual disposals: 6,901 @ $16.05 = $110,761; 2,354 @ $16.04 = $37,758; 3,121 @ $16.04 = $50,061; 1,702 @ $18.72 = $31,861; 10,372 @ $18.72 = $194,164).
• These dispositions were tax-withholding events (routine to satisfy tax obligations on vesting awards), not open-market sales indicating a directional bet.

Key Details

• Transaction dates and amounts:
  • 2025-04-06: 6,901 shares withheld @ $16.05 — $110,761
  • 2025-04-14: 2,354 shares withheld @ $16.04 — $37,758
  • 2025-04-14: 3,121 shares withheld @ $16.04 — $50,061
  • 2025-04-25: 15,622 RSUs granted @ $0.00 — $0 (award)
  • 2025-08-31: 1,702 shares withheld @ $18.72 — $31,861
  • 2025-08-31: 10,372 shares withheld @ $18.72 — $194,164
• Total shares withheld/disposed for taxes: 24,450; total reported proceeds ≈ $424,605.
• Shares owned after the transactions: not specified in this Form 4 filing.
• Relevant footnotes:
  • F1: Shares were withheld to cover current tax liabilities on RSU vesting.
  • F2: Some reported shares include restricted shares.
  • F3: The 15,622 RSUs were granted under the 2023 Omnibus Incentive Plan and vest in equal annual installments over three years based on continued employment.
• Filing timeliness: Report filed 2026-04-16 for transactions in 2025 (period of report 2025-04-06); the filing appears late — check the filing for any explanations or amendments.

Context

• These filings show a compensation award (RSUs) and routine tax-withholding disposals — common for employees receiving equity compensation. Tax-withholding disposals do not necessarily indicate an intent to reduce a position in the company.
• RSUs are not market purchases; they are compensation that vests over time (here, three years), so their future impact depends on upcoming vesting and any subsequent sales or holdings disclosed in later filings.