Charles Patrick John 4
Research Summary
AI-generated summary
SiriusPoint (SPNT) Global Head Charles Patrick John Withholds 1,068 Shares
What Happened
Charles Patrick John, Global Head of P&C at SiriusPoint Ltd (SPNT), had 1,068 shares withheld to cover tax liabilities in connection with the vesting of restricted share units. The withholding was recorded at $23.29 per share for a total value of $24,874. This was a tax-withholding/cashless settlement of RSUs, not an open-market sale.
Key Details
- Transaction date: 2026-04-30; filing date (Form 4): 2026-05-04 (filed within the two-business-day window).
- Amount withheld/disposed: 1,068 shares at $23.29 each; total value ≈ $24,874.
- Transaction code: F (shares withheld to satisfy tax withholding). Footnote F1: shares withheld to cover current tax liabilities on RSU vesting. Footnote F2: includes restricted shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was a routine tax-withholding event tied to RSU vesting (a cashless settlement), not a deliberate sale into the market. Such withholdings are common and do not necessarily signal insider sentiment about the company’s stock.