Cavaness Joel D 4

What Happened

Joel D. Cavaness, a director of James River Group Holdings, Inc. (JRVR), was granted 14,409 restricted share units (RSUs) on March 4, 2026. The Form 4 reports the grant as an award (transaction code A) with a reported acquisition price of $0.00 and a transaction value of $0 (typical for RSU grants until vested/settled). These RSUs are payable in shares of common stock on the vesting date.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed within the standard 2-business-day window).
• Transaction type/code: Award/Grant (A). Reported price: $0.00; reported transaction value: $0.
• Shares granted: 14,409 restricted share units (RSUs).
• Vesting: Per footnote, these RSUs are the annual non-employee director grant under the 2014 Non-Employee Director Incentive Plan and vest on March 4, 2027.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Grant payable solely in common shares on vesting (see footnote F1).

Context

RSU awards to non-employee directors are routine compensation and do not represent an open-market purchase or sale. The RSUs do not convert into actual shares until they vest (here, one year later), so they do not immediately change voting power or create a sale signal.