Form 4: Arch Capital Group Director John Vollaro Reports Share Transfers via Trusts

Director John Vollaro of Arch Capital Group reported gifting shares to family members through various trusts, according to a recent SEC filing.

Summary

• John Vollaro, a director at Arch Capital Group, filed a Form 4 with the SEC detailing changes in his beneficial ownership of company shares.
• The filing indicates that Mr. Vollaro gifted a total of 5,370 common shares, divided equally among his ten grandchildren, three adult children, and their two spouses.
• These shares were transferred through two separate transactions, each involving 2,685 shares.
• The shares were gifted at a price of $0.
• Mr. Vollaro also reported indirect ownership of 182,155 shares through a revocable trust where he serves as trustee.
• Additionally, he reported indirect ownership of 22,844 shares through a revocable trust where his spouse serves as trustee.
• He also reported indirect ownership of 53,000 shares through an irrevocable trust where he is a co-trustee and 163,000 shares through an irrevocable trust where his spouse is a co-trustee.

Sentiment

Score: 5

Explanation: The document is a neutral report of share transfers, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director and is a standard practice in the financial industry.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, such as directors and officers, to report changes in their beneficial ownership of company securities.
• The reporting of share transfers through trusts is a common practice for estate planning and wealth management among high-net-worth individuals, including corporate directors.
• The use of revocable and irrevocable trusts is a typical method for managing assets and transferring wealth, and the reporting of these holdings is consistent with SEC regulations.

Stakeholder Impact

• The share transfers have a minimal impact on shareholders as they are gifts and do not involve a sale of shares on the open market.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Arch Capital Group, John Vollaro, SEC Form 4, Beneficial Ownership, Share Transfer, Trust, Director, Gifting