CNA Financial (CNA) CFO awarded 37,232 PSP shares; 18,603 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNA Financial Corp EVP & CFO Scott R. Lindquist reported routine equity compensation activity. He was granted 37,232 shares of common stock under the company’s Performance Share Plan for the 2025 performance cycle, received at no cost and scheduled to cliff vest on March 15, 2028, subject to continued employment and award terms. To cover tax obligations, 18,603 shares of common stock were withheld at a price of $47.03 per share. Following these transactions, Lindquist directly holds 100,116 shares of CNA common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LINDQUIST SCOTT R
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,232 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,603 | $47.03 | $875K |
Holdings After Transaction:
Common Stock — 118,719 shares (Direct)
Footnotes (1)
- The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) provides for the issuance of CNA Financial Corporation's common stock under the Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2025 performance cycle. 37,232 PSP shares were achieved and will cliff vest on March 15, 2028. No performance share unit shall vest on such vesting date unless the reporting person has been continuously employed by CNA Financial Corporation from the grant date until such vesting date except as otherwise specified in award terms and employment agreement, if any. The Reporting Person received the CNAF shares at no cost. The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.