Everest Group (EG) director takes quarterly retainer as 86 share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARTZBAND MERYL D reported acquisition or exercise transactions in this Form 4 filing.
Everest Group director Meryl D. Hartzband received 86 Common Shares as equity compensation. The shares were granted on July 1, 2026 under the 2003 Non-Employee Director Plan at a fair market value of $360.78 per share instead of a cash quarterly retainer.
After this grant, Hartzband directly holds 12,589 Common Shares. This is a routine, non‑market award completed under Rule 16b-3, meaning it reflects board compensation structure rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HARTZBAND MERYL D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 86 | $360.78 | $31K |
Holdings After Transaction:
Common Shares — 12,589 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 86 shares
Grant price per share: $360.78 per share
Shares held after transaction: 12,589 shares
+1 more
4 metrics
Shares granted
86 shares
Director equity compensation grant on July 1, 2026
Grant price per share
$360.78 per share
Fair market value used for quarterly retainer
Shares held after transaction
12,589 shares
Director’s direct Everest Group holdings after grant
Transaction code
A (Grant, award, or other acquisition)
Non-derivative Form 4 transaction classification
Key Terms
Rule 16b-3, 2003 Non-Employee Director Plan, quarterly retainer, Common Shares
4 terms
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.
2003 Non-Employee Director Plan financial
"Shares paid as compensation under the 2003 Non-Employee Director Plan"
quarterly retainer financial
"receive her quarterly retainer in the form of Common Shares"
FAQ
What did Everest Group (EG) director Meryl Hartzband report in this Form 4?
Director Meryl D. Hartzband reported receiving 86 Everest Group Common Shares as compensation. The shares were granted under the 2003 Non-Employee Director Plan in lieu of a cash quarterly retainer, at a fair market value of $360.78 per share.
Was the Everest Group (EG) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market purchase or sale. It was a grant of 86 Common Shares as director compensation under the 2003 Non-Employee Director Plan, completed under Rule 16b-3 instead of paying the quarterly retainer in cash.