Francois Morin - 05 Mar 2024 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Signature
/s/ Francois Morin
Issuer symbol
ACGL
Transactions as of
05 Mar 2024
Net transactions value
-$2,247,115
Form type
4
Filing time
07 Mar 2024, 17:21:40 UTC
Previous filing
29 Feb 2024
Next filing
19 Aug 2024

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 $89,343 +4,599 +1.9% $19.43 243,802 05 Mar 2024 Direct
transaction ACGL Common Shares, $.0011 par value per share Options Exercise $114,540 +6,000 +2.5% $19.09 249,802 05 Mar 2024 Direct
transaction ACGL Common Shares, $.0011 par value per share Tax liability $203,968 -2,334 -0.93% $87.39 247,468 05 Mar 2024 Direct F1
transaction ACGL Common Shares, $.0011 par value per share Sale $2,247,030 -25,689 -10% $87.47 221,779 07 Mar 2024 Direct F2

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 -4,599 -100% $0.000000* 0 05 Mar 2024 Common Shares, $.0011 par value per share 4,599 $19.43 Direct F3
transaction ACGL Share Appreciation Right Options Exercise $0 -6,000 -100% $0.000000* 0 05 Mar 2024 Common Shares, $.0011 par value per share 6,000 $19.09 Direct F4
* 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 awards described in Table II, 2,334 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 8,265 common shares.
F2 Represents a weighted average sale price; the sales prices range from $87.31 to $87.64. 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 December 4, 2015 and the next two installments on December 4, 2016 and December 4, 2017 subject to the applicable award agreement.
F4 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.