Everest Group (EG) CFO gets 1,369-share PSU award, with 701 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everest Group EVP & CFO Mark Kociancic received a stock-based compensation award that settled in 1,369 Common Shares on settlement of performance share units granted in 2023 at a reference price of $322.87 per share.
To cover withholding taxes on this PSU settlement, 701 Common Shares were disposed of, as indicated in the footnotes, which describe this as a tax-withholding transaction rather than an open-market sale. Following these transactions, Kociancic directly holds 35,095 Common Shares, reflecting his ongoing equity stake in Everest Group.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KOCIANCIC MARK
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,369 | $322.87 | $442K |
| Tax Withholding | Common Shares | 701 | $322.87 | $226K |
Holdings After Transaction:
Common Shares — 35,796 shares (Direct)
Footnotes (1)
- Settlement in common shares of performance share units (PSU) granted in 2023. 701 Common Shares disposed to pay withholding taxes on settlement of PSU's.
FAQ
What did Everest Group (EG) EVP & CFO Mark Kociancic report in this Form 4?
Mark Kociancic reported settlement of performance share units into 1,369 Common Shares of Everest Group. The filing also shows a related tax-withholding share disposition and confirms his updated direct ownership position after these compensation-related transactions.
Were the Everest Group (EG) transactions on this Form 4 open-market buys or sells?
No, the transactions are compensation-related. The Form 4 shows an A-code grant of 1,369 shares from performance share units and an F-code disposition of 701 shares strictly to cover tax withholding obligations on the PSU settlement.