Form 4: White Mountains Insurance Group Executive Reports Share Transactions

Robert Lawrence Seelig, EVP & General Counsel at White Mountains Insurance Group, reported the acquisition and disposal of company shares on January 1, 2025, including shares withheld for tax obligations and changes in indirect ownership.

Summary

• Robert Lawrence Seelig, an EVP & General Counsel at White Mountains Insurance Group, reported transactions involving the company's common shares.
• On January 1, 2025, 1,250 restricted common shares became unrestricted.
• 496 common shares were withheld by the company to cover Seelig's tax obligations at a price of $1,945.06 per share.
• Seelig's direct holdings decreased by 496 shares due to the tax withholding.
• Seelig's direct holdings of restricted common shares decreased by 1,250 shares as they became unrestricted.
• Seelig no longer has a reportable interest in 1 common share previously attributed to his eldest son.
• Seelig's indirect holdings increased by 3 common shares through his 401(k) account.
• The 401(k) information is based on a plan report dated December 27, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transactions by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive share transactions, which is common in publicly traded companies. It provides transparency into the holdings of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The transactions reported are typical for executives who receive stock-based compensation, including the vesting of restricted shares and tax withholding.
• The reporting of indirect ownership through a 401(k) is also a common practice.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive share ownership.
• The transactions have a minor impact on the overall share count.

Key Dates

Keywords

share transactions, insider trading, executive compensation, restricted stock, tax withholding, 401k, beneficial ownership, common shares, WTM, White Mountains Insurance Group