Everest Group (EG) CFO disposes shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everest Group, Ltd. executive Mark Kociancic, EVP & CFO, reported two tax-related share dispositions involving the company’s Common Shares. On the reported date, shares were withheld at $338.00 per share to cover taxes on vested restricted share awards granted on 02/28/2024 and 02/26/2025, in amounts of 737 and 1,442 shares, respectively. These are coded as tax-withholding dispositions rather than open-market sales. After these transactions, Kociancic directly holds 34,427 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KOCIANCIC MARK
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 737 | $338.00 | $249K |
| Tax Withholding | Common Shares | 1,442 | $338.00 | $487K |
Holdings After Transaction:
Common Shares — 35,869 shares (Direct)
Footnotes (1)
- Common Shares withheld to pay taxes on 1,236 vested restricted shares that were granted on 02/28/2024 Common Shares withheld to pay taxes on 2,419 vested restricted shares that were granted on 02/26/2025
FAQ
What insider transaction did Everest Group (EG) report for Mark Kociancic?
Everest Group reported that EVP & CFO Mark Kociancic had Common Shares withheld to cover tax liabilities on vested restricted share awards. The transactions are coded as tax-withholding dispositions, not open-market purchases or sales, and relate to recently vested equity grants.
What prices were used for the Everest Group (EG) tax-withholding transactions?
Both tax-withholding dispositions for EVP & CFO Mark Kociancic used a price of $338.00 per Common Share. This price was applied to the 737 and 1,442 shares withheld to pay taxes on the vesting of his restricted share awards.
Do the Everest Group (EG) Form 4 transactions indicate open-market selling by the CFO?
The Form 4 does not indicate open-market selling. The transactions are coded F, meaning shares were delivered to cover the exercise price or tax liability, with footnotes specifying tax withholding on vested restricted share awards rather than discretionary market sales.