Markel director granted 89 restricted shares

MICHAEL JONATHAN E reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/22/2026 - 05:02 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

MICHAEL JONATHAN E reported acquisition or exercise transactions in this Form 4 filing.

MARKEL GROUP INC. director Michael Jonathan E reported receiving a grant of 89 shares of Common Stock as restricted stock under the MKL 2024 Equity Incentive Compensation Plan. The award was made at no cash cost per share and is compensation-related rather than an open-market purchase.

The restricted shares will vest, subject to certain conditions, on May 20, 2027. Following this grant, his directly held Common Stock position reported in this filing increased to 266.8053 shares.

Insider Trade Summary

Grant/Award: 89 shares

Grant/Award 1 txn

Insider MICHAEL JONATHAN E

Role Director

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

Holdings After Transaction: Common Stock — 266.8053 shares (Direct)

Holdings Before and After: Common Stock, 177.8053 to 266.8053 shares (Direct)

Footnotes (1)

1. F1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, on May 20, 2027.

Key Figures

Restricted stock grant: 89 shares Grant price: $0.0000 per share Post-transaction holdings: 266.8053 shares +1 more

4 metrics

Restricted stock grant 89 shares Common Stock grant coded as award acquisition

Grant price $0.0000 per share Reported transaction price for restricted stock

Post-transaction holdings 266.8053 shares Common Stock held directly after grant

Vesting date May 20, 2027 Restricted shares vesting subject to conditions

Key Terms

Restricted stock, MKL 2024 Equity Incentive Compensation Plan, vest, Grant, award, or other acquisition

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.

MKL 2024 Equity Incentive Compensation Plan financial

"Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan."

vest financial

"Shares will vest, subject to certain conditions, on May 20, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MARKEL GROUP INC. (MKL) report for Michael Jonathan E?

MARKEL GROUP INC. reported that director Michael Jonathan E received a grant of 89 shares of Common Stock as restricted stock. The grant is a compensation award, not an open-market purchase, and increases his directly held shares to 266.8053 after the transaction.

Was the MARKEL (MKL) insider grant to Michael Jonathan E an open-market stock purchase?

No, the transaction was not an open-market purchase. It was coded as a grant or award acquisition of 89 restricted Common Stock shares under the MKL 2024 Equity Incentive Compensation Plan, made at a reported price of $0.0000 per share.

How many MARKEL (MKL) shares does Michael Jonathan E hold after this Form 4 transaction?

After the reported grant, director Michael Jonathan E holds 266.8053 shares of MARKEL Common Stock directly. This total reflects the addition of 89 restricted shares awarded as compensation in the transaction disclosed in the Form 4 filing.

When do the restricted MARKEL (MKL) shares granted to Michael Jonathan E vest?

The restricted stock granted to Michael Jonathan E will vest on May 20, 2027, subject to certain conditions. Until vesting, the 89-share award remains restricted under the MKL 2024 Equity Incentive Compensation Plan as described in the Form 4 footnote.

Under which plan were the MARKEL (MKL) restricted shares granted to Michael Jonathan E?

The 89 restricted shares granted to director Michael Jonathan E were issued pursuant to the MKL 2024 Equity Incentive Compensation Plan. This plan provides equity-based compensation, and the shares vest, subject to conditions, on May 20, 2027, according to the footnote disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

MICHAEL JONATHAN E

(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	266.8053	D

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, on May 20, 2027.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Jonathan E. Michael	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)