Charles Patrick John 4
Research Summary
AI-generated summary
SiriusPoint (SPNT) Global Head Charles Patrick John Sells Shares
What Happened
Charles Patrick John, Global Head of P&C at SiriusPoint Ltd (SPNT), had a total of 39,502 shares withheld on April 14, 2026 to cover tax liabilities related to vested restricted share units. The withholdings were reported as disposals at $22.67 per share, resulting in cash value withheld of $895,510 (36,152 shares = $819,566; 2,009 shares = $45,544; 1,341 shares = $30,400). These transactions are tax-withholding disposals rather than open-market sales.
Key Details
- Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (appears filed within the typical two-business-day window).
- Price per share: $22.67 for all withheld lots.
- Shares withheld (total): 39,502 shares; total value withheld: $895,510.
- Post-transaction holdings: Not specified in the provided filing details.
- Transaction code: F — shares withheld to cover tax liabilities on vesting.
- Footnotes from the filing:
- F1: Shares withheld to cover current tax liabilities related to vesting of performance-based restricted share units (PBRSUs).
- F3: Shares withheld to cover current tax liabilities related to vesting of restricted share units (RSUs).
- F2: Indicates inclusion of restricted shares.
Context
This was a tax-withholding event (cashless settlement) tied to the vesting of equity awards, not a discretionary sale into the market. Such withholdings are common and typically reflect routine fulfillment of tax obligations upon vesting rather than a directional bet on the stock.