secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001493152-24-011505
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re subsidiary adopts 2024 equity plan; grants restricted shares and options to executives
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- SPH 2024 Equity Incentive Plan adopted, reserving 750,000 SPH ordinary shares for awards.
- CEO Jay Madhu awarded 125,300 restricted SPH shares and options for 365,400 shares at $15 strike.
- CFO Wrendon Timothy awarded 53,700 restricted shares and options for 156,600 shares at $15.
- Non-employee directors each awarded 2,000 restricted shares; shares vest ratably over 1 year, options over 4 years.
- Grants exempt from registration under Securities Act Section 4(a)(2); issued by wholly owned subsidiary SurancePlus Holdings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224011505/0001493152-24-011505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224011505/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011505

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