Form 4: James River Group Holdings CEO Frank D'Orazio Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Frank D'Orazio, CEO of James River Group Holdings, reports disposing of common shares to cover tax liabilities related to vesting restricted share units.
Summary
- On March 5, 2024, Frank D'Orazio, the CEO of James River Group Holdings, Ltd. (JRVR), filed a Form 4.
- The form reports the disposal of common shares to cover tax liabilities.
- On March 1, 2024, 2,253 shares were disposed of at a price of $9.8 per share to cover taxes related to the vesting of 6,208 restricted share units.
- On March 2, 2024, 6,666 shares were disposed of at a price of $9.8 per share to cover taxes related to the vesting of 20,732 restricted share units.
- Following these transactions, D'Orazio directly owns 200,918 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholders due to the increased supply of shares in the market, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 2,253 shares for tax liability related to vesting of 6,208 restricted share units. |
| 03/02/2024 | Disposal of 6,666 shares for tax liability related to vesting of 20,732 restricted share units. |
| 03/05/2024 | Date of Form 4 filing. |
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