Markel director granted 89 restricted shares
Puckett A. Lynne reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Puckett A. Lynne reported acquisition or exercise transactions in this Form 4 filing.
Markel Group Inc. director Lynne Puckett reported an equity compensation grant of 89 shares of common stock, classified as restricted stock awarded at $0.00 per share under the MKL 2024 Equity Incentive Compensation Plan.
These restricted shares are scheduled to vest, subject to certain conditions, on May 20, 2027. Following the grant, she directly holds 441.4802 shares of Markel common stock and indirectly holds 1,463 shares through a trust where she and her spouse are co-trustees and beneficiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 89 shares
Grant/Award
2 txns
Insider
Puckett A. Lynne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 89 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 441.4802 shares (Direct);
Common Stock — 1,463 shares (Indirect, By Trust)
Footnotes (2)
- F1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, May 20, 2027.
- F2. The reporting person and her spouse are co-trustees and beneficiaries under the trust.
Key Figures
Restricted stock grant: 89 shares
Grant price: $0.00 per share
Vesting date: May 20, 2027
+2 more
5 metrics
Restricted stock grant
89 shares
Grant under MKL 2024 Equity Incentive Compensation Plan
Grant price
$0.00 per share
Restricted stock award price
Vesting date
May 20, 2027
Restricted shares vesting date, subject to conditions
Direct holdings after grant
441.4802 shares
Common stock directly held by Lynne Puckett
Indirect trust holdings
1,463 shares
Common stock held by trust with Puckett and spouse as co-trustees
Key Terms
Restricted stock, Equity Incentive Compensation Plan, co-trustees, beneficiaries
4 terms
Restricted stock financial
"Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Equity Incentive Compensation Plan financial
"Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan."
An equity incentive compensation plan is a company program that pays employees, managers or directors with shares or rights to buy shares so their financial rewards rise with the company’s value—like giving team members a stake in the house they’re helping maintain. Investors care because these plans change how many shares exist (dilution), create ongoing expense and influence management’s motivation, all of which can affect future earnings and stock price.
co-trustees financial
"The reporting person and her spouse are co-trustees and beneficiaries under the trust."
beneficiaries financial
"The reporting person and her spouse are co-trustees and beneficiaries under the trust."
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Markel Group (MKL) director Lynne Puckett report on this Form 4?
Director Lynne Puckett reported receiving 89 shares of restricted common stock in an equity compensation grant. The award was made at $0.00 per share under Markel’s 2024 Equity Incentive Compensation Plan as part of her director compensation, not an open-market transaction.
Is the trust ownership in Markel (MKL) controlled by Lynne Puckett?
The filing states that she and her spouse are co-trustees and beneficiaries of the trust that holds 1,463 shares. Being co-trustees generally indicates shared responsibility over the trust’s assets, including voting and investment decisions for the Markel shares.
Was Lynne Puckett’s Markel (MKL) Form 4 transaction an open-market buy or sell?
No, the Form 4 does not report any open-market buy or sell transaction. It records a grant or award acquisition of 89 restricted shares as compensation. The other line reflects existing indirect holdings in a trust rather than a new market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
