Form 4: James River Group Holdings Executive Receives Restricted Share Units

Jeanette L. Miller, SVP and Chief Legal Officer of James River Group Holdings, was granted restricted share units vesting annually from 2025 to 2027.

Summary

• On March 1, 2024, Jeanette L. Miller, SVP, Chief Legal Officer of James River Group Holdings, Ltd., received 13,775 common shares.
• These shares were granted as restricted share units.
• The restricted share units will vest in three equal annual installments on March 1 of each of the years 2025 through 2027.
• Following the transaction, Miller beneficially owns 29,662 common shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of restricted share units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to the company's success.

Future Outlook

The executive will receive common shares as the restricted share units vest annually from 2025 to 2027, contingent on continued service.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, and equity-based awards like restricted stock units.
• The vesting schedule of three years is a typical timeframe for such grants, similar to practices at comparable companies like The Hartford or CNA Financial.

Stakeholder Impact

• Shareholders may view the grant positively as it incentivizes the executive to focus on long-term value creation.
• Employees may see it as a sign of the company's commitment to its leadership team.

Key Dates