Louis Petrillo - May 8, 2023 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role
OFFICER OF SUBSIDIARY
Signature
/s/ Louis Petrillo
Stock symbol
ACGL
Transactions as of
May 8, 2023
Transactions value $
-$1,860,238
Form type
4
Date filed
5/10/2023, 05:44 PM
Previous filing
Mar 14, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACGL Common Shares, $.0011 par value per share Options Exercise $444K +23.3K +20.73% $19.09 135K May 8, 2023 Direct
transaction ACGL Common Shares, $.0011 par value per share Tax liability -$1.12M -14.7K -10.88% $76.14 121K May 8, 2023 Direct F1
transaction ACGL Common Shares, $.0011 par value per share Sale -$1.18M -15.4K -12.77% $76.79 105K May 10, 2023 Direct F2
holding ACGL Common Shares, $.0011 par value per share 40 May 8, 2023 By Household

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACGL Share Appreciation Right Options Exercise $0 -23.3K -100% $0.00* 0 May 8, 2023 Common Shares, $.0011 par value per share 23.3K $19.09 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the exercise of the share appreciation rights award described in Table II, 14,723 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 8,527 common shares.
F2 Represents a weighted average sale price; the sales prices range from $76.66 to $76.90. Upon request, the full information regarding the number of shares sold at each separate price within the range will be provided to the issuer, any security holder of the issuer or the staff of the Securities Exchange Commission
F3 The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on May 13, 2015 and the next two installments on May 13, 2016 and May 13, 2017 subject to the applicable award agreement.