Patrick J. Haveron - 14 Mar 2024 Form 4 Insider Report for Maiden Holdings, Ltd. (MHLD)

Signature
/s/ Patrick J. Haveron
Issuer symbol
MHLD
Transactions as of
14 Mar 2024
Net transactions value
-$50,654
Form type
4
Filing time
18 Mar 2024, 16:08:09 UTC
Previous filing
17 May 2023
Next filing
18 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MHLD Restricted Common Shares Award $0 +683,453 +593% $0.000000 798,670 14 Mar 2024 Direct F1
transaction MHLD Common Shares Purchase $14,998 +10,000 +0.46% $1.50 2,175,803 15 Mar 2024 Direct
transaction MHLD Common Shares Award $0 +115,217 +5.3% $0.000000 2,291,020 17 Mar 2024 Direct F2
transaction MHLD Common Shares Tax liability $65,652 -42,631 -1.9% $1.54 2,248,389 17 Mar 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The restricted shares were issued on March 14, 2024 pursuant to the 2019 Omnibus Incentive Plan, and will vest 50% on the first anniversary and 50% on the second anniversary.
F2 These common shares were granted on March 17, 2023 pursuant to the 2019 Omnibus Incentive Plan with vesting on March 17, 2024.
F3 Disposition of common shares resulting from withholding of securities for the payment of tax liability relating to the grant described in footnote 2.

Remarks:

Chief Executive Officer and Chief Financial Officer