Leonardo Thomas C. 4
Research Summary
AI-generated summary
SiriusPoint (SPNT) Global Head Leonardo Thomas Withholds 78,454 Shares
What Happened
- Leonardo Thomas, Global Head of Accident & Health (A&H) at SiriusPoint Ltd (SPNT), had a total of 78,454 shares withheld on April 14, 2026 to cover tax liabilities related to vesting equity awards. The withholding occurred in four tranches at $22.67 per share: 42,360 shares ($960,301), 2,354 shares ($53,365), 30,620 shares ($694,155), and 3,120 shares ($70,730), for an aggregate value of approximately $1,778,551. These were disposals via tax withholding (transaction code F), not open-market sales.
Key Details
- Transaction date: April 14, 2026; Filing date: April 16, 2026 (filed within the typical two-business-day Form 4 window).
- Price per share reported: $22.67.
- Total shares withheld/disposed: 78,454; total value ≈ $1.78 million.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = shares withheld to cover tax on performance-based restricted share units (PSUs); F3 = shares withheld to cover tax on restricted share units (RSUs); F2 notes inclusion of restricted shares.
- Transaction type: tax withholding on vested equity (code F) — routine administrative disposition.
Context
- This was a tax-withholding disposition tied to vested restricted share units/ performance awards, not a market sale or an outright purchase. Such withholdings are common when equity awards vest and generally reflect tax obligations rather than a deliberate decision to reduce holdings. They should be interpreted as administrative, not necessarily a signal about the insider’s view of the company.