Form 4: Global Indemnity Group Director and 10% Owner Saul A. Fox Acquires Additional Class A Common Shares

Saul A. Fox, a Director and 10% owner of Global Indemnity Group, LLC (GBLI), acquired 5,868 Class A Common Shares as compensation for board services and a tax gross-up.

Summary

• Saul A. Fox, a Director and 10% owner of Global Indemnity Group, LLC (GBLI), acquired 5,868 Class A Common Shares on June 30, 2025, at a price of $29.73 per share.
• The acquisition includes 3,697 Class A Common Shares granted in recognition of services rendered as a board member of the Issuer.
• An additional 2,171 Class A Common Shares were granted as a tax gross-up.
• Following this transaction, Mr. Fox's indirect beneficial ownership includes 1,844,553 Class A Common Shares held by Mercury Assets Delaware LLC and through its limited partnership interest in Fox Mercury Investments, L.P.
• Indirect beneficial ownership also includes 293,715 Class A Common Shares owned by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P.
• Additionally, 550,000 Class A-2 Common Shares are held by Mercury Assets Delaware LLC, indirectly owned by Mr. Fox.
• Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director and 10% owner, particularly as compensation for services, is generally a positive signal of insider alignment and confidence, though it does not provide broader financial performance insights.

Positives

• Director and 10% owner Saul A. Fox acquired 5,868 Class A Common Shares, signaling continued alignment with shareholder interests.
• The acquisition includes 3,697 Class A Common Shares granted in recognition of services rendered as a board member, indicating ongoing commitment and value from a key insider.
• An additional 2,171 Class A Common Shares were granted as a tax gross-up, which is a common practice to ensure the net benefit of compensation.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction reflects a routine compensation grant to a director and significant shareholder within the insurance industry, indicating continued engagement of key leadership.

Related Party Transactions

• Indirect beneficial ownership of 1,844,553 Class A Common Shares and 550,000 Class A-2 Common Shares is held through Mercury Assets Delaware LLC, where Mr. Fox is the sole trustee of the Benjerome Trust, its sole member.
• Indirect beneficial ownership of 293,715 Class A Common Shares is held through Fox Paine Global, Inc., where Mr. Fox is a director, and through Fox Mercury Investments, L.P., in which Fox Paine Global, Inc. has an indirect limited partnership interest.
• Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares, particularly as compensation, as a positive sign of alignment between management and shareholder interests.

Key Dates

Recommendation

Keywords

Global Indemnity Group, GBLI, Saul A. Fox, Form 4, insider transaction, beneficial ownership, equity grant, director compensation, Class A Common Shares