McGeehan Thomas 4

What Happened

• Thomas McGeehan, a director of Global Indemnity Group, LLC (GBLI), was granted 20,000 Class A‑2 common shares on 2026-03-05. The shares were awarded at $0.00 (no cash paid), so reported value at grant is $0. These A‑2 shares vest only upon a Change of Control per the award agreement, so they are not immediately transferable or saleable.

Key Details

• Transaction date: 2026-03-05; reported on Form 4 filed 2026-03-23 (appears to be filed late relative to the typical two-business-day deadline).
• Transaction type/code: Award/Grant (A).
• Shares granted: 20,000 A‑2 common shares at $0.00 per share (total reported cost $0).
• Vesting/conditions: A‑2 Shares vest upon a Change of Control (see footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing exhibit: Exhibit 24 — Power of Attorney cited in remarks.

Context

• This is a compensation award for board service, not an open-market purchase or sale. Such awards are commonly used to align directors’ interests with long-term or corporate-event outcomes; because these shares vest only on a change of control, they function as contingent compensation rather than immediately liquid stock.
• The Form 4 was filed on 2026-03-23 for a 2026-03-05 transaction, which appears untimely under standard two-business-day reporting rules; investors may watch for any further disclosures.