Watford Holdings Ltd.'s Chief Operating Officer just disposed of 20,731 shares

Laurence B. Richardson, Watford Holdings Ltd.'s Chief Operating Officer, recently disposed of 20,731 shares of the company. The disposals took place at $35.00 per share, on July 01, 2021. Richardson no longer owns any shares of the company. Richardson operates out of Pembroke, D0. Some additional info was provided as follows:


On July 1, 2021, pursuant to the Agreement and Plan of Merger, dated October 9, 2020, among Watford Holdings Ltd. (the "Company"), Arch Capital Group Ltd. and Greysbridge Ltd. ("Merger Sub"), as amended by Amendment No. 1, dated November 2, 2020, Merger Sub merged with and into the Company, with the Company surviving as a subsidiary of Greysbridge Holdings Ltd. (the "Merger"). At the effective time of the Merger, these common shares were canc elled and converted into the right to receive $35.00 in cash per share.
Pursuant to the Merger Agreement, (i) each performance-based restricted share unit grant held by the Reporting Person automatically vested in full on the basis of assuming the achievement in full of the applicable performance metric at the target level of performance and was canceled and converted into the right to receive and (ii) each time-based restricted share unit grant held by the Reporting Person automatically vested in full and was canceled and converted into the right to receive, in each case with respect to each common share of the Company subject to such restricted share unit, the Merger Consideration, less any applicable withholding.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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