Elizabeth Cunningham, Watford Holdings Ltd.'s Chief Risk Officer, recently acquired 1,087 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on March 01, 2021. Cunningham now owns 1,087 shares of the company. Cunningham operates out of Pembroke, D0. Some additional info was provided as follows:
Represents conversion of restricted share units to fully vested common shares equal to the number of restricted share units that have vested. The restricted share units have no exercise price.
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, 50% of which are subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary of March 1, 2020, 33.33% on the second year anniversary and 33.33% on the third year anniversary. The remaining 50% of the granted restricted share units are subject to performance metrics defined in the 2018 Stock Plan and cliff-vest on the third anniversary of March 1, 2020. Upon vesting, the reporting person will receive a number 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!