Jon D. Levy, Watford Holdings Ltd.'s Chief Risk Officer, has just filed an initial statement of beneficial ownership where 4,000 shares of Watford Holdings Ltd. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Levy. Levy operates out of Pembroke, D0. Some additional info was provided as follows:
Each restricted share unit represents a contingent right to receive one common share of Watford Holdings Ltd.
The reporting person received a restricted share unit grant subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary of April 26, 2019, 33.33% on the second year anniversary and 33.33% on the third year anniversary. Upon vesting, the reporting person will
receive a number of shares of common shares equal to the number of restricted share units that have vested.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Watford Holdings Ltd. makes a similar move, sign up!
Other recent filings from the company include the following:
Submission of Matters to a Vote of Security - June 18, 2020