Everest Group (NYSE: EG) director takes 96-share stock grant as quarterly retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Levine Allan reported acquisition or exercise transactions in this Form 4 filing.
Everest Group, Ltd. director Allan Levine received a grant of 96 Common Shares as part of his board compensation. The shares were valued at $325.28 each, matching the quarterly cash retainer he could have taken. After this award, he directly holds 5,301 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Levine Allan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 96 | $325.28 | $31K |
Holdings After Transaction:
Common Shares — 5,301 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 96 Common Shares
Grant value per share: $325.28 per share
Total shares held after grant: 5,301 Common Shares
3 metrics
Shares granted
96 Common Shares
Director compensation grant on April 1, 2026
Grant value per share
$325.28 per share
Fair market value used for quarterly retainer
Total shares held after grant
5,301 Common Shares
Director’s direct holdings following the award
Key Terms
2003 Non-Employee Director Plan, Rule 16b-3, quarterly retainer
3 terms
2003 Non-Employee Director Plan financial
"Shares paid as compensation under the 2003 Non-Employee Director Plan"
Rule 16b-3 regulatory
"in a transaction completed under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
quarterly retainer financial
"elected to receive his quarterly retainer in the form of Common Shares"
FAQ
What insider transaction did Everest Group (EG) director Allan Levine report?
Allan Levine reported receiving 96 Common Shares of Everest Group as compensation. The award reflects his quarterly director retainer, which he elected to take in stock instead of cash, aligning part of his pay directly with the company’s share performance.
What is the purpose of Everest Group (EG)’s 2003 Non-Employee Director Plan?
The 2003 Non-Employee Director Plan allows non-employee directors to receive compensation in company shares. In this case, Allan Levine chose to take his quarterly retainer as Common Shares rather than cash, supporting equity-based alignment with shareholder interests.