Everest Group (EG) CFO gets 1,369-share PSU award, with 701 withheld for taxes
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
Net Buyer: 668 shares
Net Buy
2 txns
Insider
KOCIANCIC MARK
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,369 | $322.87 | $442K |
| Exercise Price or Tax Liability | Common Shares | 701 | $322.87 | $226K |
Holdings After Transaction:
Common Shares — 35,095 shares (Direct)
Footnotes (2)
- F1. Settlement in common shares of performance share units (PSU) granted in 2023.
- F2. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.