Everest Group (NYSE: EG) director gets 96-share compensation award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Howard John M reported acquisition or exercise transactions in this Form 4 filing.
EVEREST GROUP, LTD. director Howard John M received a grant of 96 Common Shares on April 1, 2026 as equity compensation. The shares were valued at $325.28 per share, equal to his quarterly cash retainer, under the 2003 Non-Employee Director Plan and pursuant to Rule 16b-3.
After this award, he directly holds 2,257 Common Shares. This is a routine, compensation-related equity grant rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Howard John M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 96 | $325.28 | $31K |
Holdings After Transaction:
Common Shares — 2,257 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 96 Common Shares
Grant price per share: $325.28 per share
Shares owned after grant: 2,257 Common Shares
3 metrics
Shares granted
96 Common Shares
Equity compensation grant on April 1, 2026
Grant price per share
$325.28 per share
Fair market value used for quarterly retainer
Shares owned after grant
2,257 Common Shares
Total direct holdings following the transaction
Key Terms
2003 Non-Employee Director Plan, Rule 16b-3, quarterly retainer, grant, award, or other acquisition
4 terms
2003 Non-Employee Director Plan financial
"Shares paid as compensation under the 2003 Non-Employee Director Plan to non-employee director"
Rule 16b-3 regulatory
"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"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Everest Group (EG) director Howard John M report on this Form 4?
He reported receiving 96 Common Shares of Everest Group as compensation. The shares were granted instead of a cash retainer under the 2003 Non-Employee Director Plan, reflecting a routine equity award rather than an open-market trade.
What is the nature of this Everest Group (EG) Form 4 transaction?
The transaction is a grant or award acquisition, coded “A.” It reflects the director electing to take his quarterly retainer in Common Shares, not buying or selling shares on the open market.