Form 4: James River Group Holdings SVP, James Paul McCoy, Reports Share Disposal for Tax Obligations

James River Group Holdings' Senior Vice President, James Paul McCoy, disposed of 1,050 common shares to cover tax liabilities related to vesting restricted share units.

Summary

• On November 9, 2024, James Paul McCoy, a Senior Vice President at James River Group Holdings, disposed of 1,050 common shares.
• The disposal was to cover the tax liability related to the vesting of 3,393 restricted share units.
• The shares were disposed of at a price of $6.55 per share.
• Following the transaction, McCoy beneficially owns 22,522 common shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by an officer.
• The transaction ensures the officer meets their tax obligations related to vested shares.

Key Dates