Francis Silvester Dominic Michael Exercises Options at Enstar Group Ltd (ESGR) — SEC Form 4, Jan 21, 2025
SEC Form 4 · No Market Transaction
Option Exercise
Derivative exercise — no open market transaction.
Equity Position
868K sh
658,372 → 867,862
Equity Change
+31.8%
shares held after vs before
Filing Lag
0 business days
within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Reporting Owner
| Name | Relationship |
|---|---|
| Francis Silvester Dominic Michael CIK 0001387738 |
Director
CEO
|
Francis Silvester Dominic Michael at Enstar Group Ltd
Full insider history
Bought (12 mo)
—
Sold (12 mo)
—
More from this insider at Enstar Group Ltd
| 2025-07-03 | Gift/Other | — | View |
| 2023-11-08 | Buy | +$10,223,100 | View |
| 2022-11-09 | Buy | +$4,942,128 | View |
| 2022-07-06 | Award | — | View |
Non-Derivative Securities Transactions
Derivative Securities Transactions
Footnotes (5)
- F1
- Ordinary shares acquired as a result of the exercise of an equity compensation award (the "Award") granted to Mr. Silvester under Enstar Group Limited's ("Enstar") Joint Share Ownership Plan, a sub-plan of the Amended and Restated Enstar Group Limited 2016 Equity Incentive Plan (the "JSOP"). The terms of the Award were governed by a joint share ownership agreement dated as of January 21, 2020 and amended on July 1, 2022 (the "JSOP Agreement") between Enstar, Mr. Silvester and the trustee (the "Trustee") of the Enstar Group Limited Employee Benefit Trust (the "Trust"). Show more
- F2
- Under the terms of the JSOP Agreement, the Award became exercisable on January 21, 2025 (the "Vesting Date") upon the achievement of the following: the market price of an ordinary share of Enstar on the Vesting Date was equal to or greater than $315.53; and the performance condition based on growth in Enstar's fully diluted book value per share was satisfied. Show more
- F3
- Volume Five Limited is an England and Wales private limited company that is wholly owned by Mr. Silvester. Show more
- F4
- The Joint Share Ownership Interest relates to the Award granted to Mr. Silvester under the JSOP. Show more
- F5
- By virtue of exercising the Award, Mr. Silvester no longer has any interest in the balance of the ordinary shares that were held in the JSOP. Show more
Related filings at Enstar Group Ltd
Institutional Holders
13F holders · Mar 31, 2018
1
institutional managers reporting a position
Largest by reported value
Other insiders at Enstar Group Ltd
GET /v1/forms/4/0001363829-25-000013
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