Form 4: Arch Capital Group Director John Pasquesi Reports Changes in Beneficial Ownership
SEC Form 4
John Pasquesi, a director and Chair of Arch Capital Group, reported changes in his beneficial ownership of the company's common shares due to grants and contributions to a revocable trust.
Summary
- On May 9, 2024, John Pasquesi, a director and Chair of Arch Capital Group Ltd., reported changes in his beneficial ownership of the company's common shares.
- Pasquesi acquired 1,254 common shares as part of the director-elected retainer and contributed them to a revocable trust.
- He also acquired 1,254 common shares as part of the director-elected retainer for serving as the Chair of the Issuer and contributed them to a revocable trust.
- Additionally, he acquired 1,455 restricted shares that will vest on May 9, 2025.
- Pasquesi directly owns 1,455 common shares.
- Pasquesi indirectly owns 706,927 shares by trust, 179,947 shares by family limited partnership, 1,635,887 shares by trusts, and 1,221,693 shares by Limited Liability Company.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to director compensation and trust contributions, indicating continued alignment of interests between the director and the company.
Positives
- The acquisition of shares as part of the director-elected retainer and Chair retainer demonstrates Pasquesi's continued investment in the company.
Future Outlook
The restricted shares acquired will vest on May 9, 2025, subject to the terms of the restricted share agreement.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership for a director of a publicly traded company in the insurance industry.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders as it provides insight into the holdings of a key company director.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of earliest transaction: Acquisition of common shares and contribution to revocable trust. |
| 05/09/2025 | Vesting date for 1,455 restricted shares. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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