Director Allan Levine receives share grant at Everest Group (EG)
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 86 Common Shares as compensation, valued at about $360.78 per share. This award represents his elected quarterly retainer under the 2003 Non-Employee Director Plan, taken in stock instead of cash. Following the grant, he directly holds 5,387 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Levine Allan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 86 | $360.78 | $31K |
Holdings After Transaction:
Common Shares — 5,387 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 86 shares
Grant valuation price: $360.78 per share
Shares after transaction: 5,387 shares
+1 more
4 metrics
Shares granted
86 shares
Quarterly non-employee director retainer
Grant valuation price
$360.78 per share
Fair market value used for compensation
Shares after transaction
5,387 shares
Director’s direct holdings following grant
Transaction type
Grant, award, or other acquisition
Reported under code A as compensation
Key Terms
2003 Non-Employee Director Plan, Rule 16b-3, quarterly retainer, Common Shares
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
"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
"The reporting person elected to receive his quarterly retainer in the form of Common Shares"