Larry G. Swets Jr - Jan 2, 2024 Form 4 Insider Report for FG Financial Group, Inc. (FGF)

Role
Chief Executive Officer, Director
Signature
/s/ Larry G. Swets, Jr.
Stock symbol
FGF
Transactions as of
Jan 2, 2024
Transactions value $
$2,286
Form type
4
Date filed
1/3/2024, 04:00 PM
Previous filing
Dec 19, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FGF Common Stock, par value $0.01 per share Other $2.29K +1.41K +0.26% $1.62 550K Dec 1, 2023 Direct F1, F2
holding FGF 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 10K Jan 2, 2024 Direct

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 FGF Stock option Award $0 +130K $0.00 130K Jan 12, 2021 Common Stock 130K $3.38 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.
F2 Includes (i) 7,722 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (of which 6,178 have vested to date), (ii) 370,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which none have vested as of the date hereof) pursuant to Equity Award Letter Agreement dated January 18, 2021, and (iii) 130,000 RSU granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 43,334 have vested to date but 14,644 withheld from the vested RSU for taxes ) for performance related to fiscal year 2022. Each RSU represents a contingent right to receive one share of common stock of the Company.
F3 The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.