Form 4: James River Group Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
James River Group Holdings' Senior Vice President, James Paul McCoy, disposed of shares to cover tax liabilities related to vesting restricted share units.
Summary
- On March 1, 2025, James Paul McCoy, a Senior Vice President at James River Group Holdings, disposed of 1,755 common shares to cover tax obligations.
- The shares were withheld by James River Group Holdings, Ltd. for payment of the tax liability incident to the vesting of 4,464 restricted share units on March 1, 2025.
- The transaction price was $4.95 per share.
- Following the transaction, McCoy beneficially owns 20,767 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations arising from the vesting of restricted share units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction and vesting of restricted share units. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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