Markel (MKL) director gets 89-share award, holds trust stake

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Puckett A. Lynne

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	89	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 441.48 shares (Direct, null); Common Stock — 1,463 shares (Indirect, By Trust)

Footnotes (1)

1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, May 20, 2027. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Puckett A. Lynne

(Last) (First) (Middle)

C/O MARKEL GROUP INC.

4521 HIGHWOODS PARKWAY

(Street)

GLEN ALLEN VIRGINIA 23060

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARKEL GROUP INC. [ MKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A(1)		89	A	$0	441.4802	D
Common Stock								1,463	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, May 20, 2027.

2. The reporting person and her spouse are co-trustees and beneficiaries under the trust.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for A. Lynne Puckett	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

What type of shares were granted to Lynne Puckett by Markel Group (MKL)?

She received restricted stock totaling 89 common shares of Markel Group. Restricted stock is typically subject to vesting and service conditions. This grant was issued under the MKL 2024 Equity Incentive Compensation Plan as a compensation award rather than a purchase.

When do Lynne Puckett’s new restricted Markel (MKL) shares vest?

The 89 restricted shares granted to Lynne Puckett are scheduled to vest on May 20, 2027, subject to certain conditions. Vesting means the restrictions lapse and she gains full ownership rights, assuming those conditions are satisfied over the vesting period.

How many Markel (MKL) shares does Lynne Puckett hold after this Form 4 grant?

After the grant, Lynne Puckett directly holds 441.4802 shares of Markel common stock. In addition, she indirectly holds 1,463 shares through a trust. Together, these positions reflect both her personal holdings and those managed in the trust structure.

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.