Markel Group (NYSE: MKL) director receives 89-share restricted stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Morrison Harold Lawrence Jr. reported acquisition or exercise transactions in this Form 4 filing.

MARKEL GROUP INC. director Harold Lawrence Morrison Jr. received a grant of 89 shares of restricted common stock as equity compensation. The award was granted at no cash cost to him and will vest, subject to conditions, on May 20, 2027. Following this grant, he directly holds a total of 1,094.0035 common shares, reflecting a routine stock-based compensation award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Morrison Harold Lawrence Jr.

Role null

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

Holdings After Transaction: Common Stock — 1,094.004 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Restricted stock grant: 89 shares Post-transaction holdings: 1,094.0035 shares Grant price: $0.0000 per share +1 more

4 metrics

Restricted stock grant 89 shares Award of common stock on May 20, 2026

Post-transaction holdings 1,094.0035 shares Common stock directly held after award

Grant price $0.0000 per share Equity compensation, no cash paid by director

Vesting date May 20, 2027 Restricted stock vests subject to conditions

Key Terms

Restricted stock, Equity Incentive Compensation Plan, vest, Form 4

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.

vest financial

"Shares will vest, subject to certain conditions, 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 04:39 PM

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^*

Morrison Harold Lawrence Jr.

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A⁽¹⁾		89	A	$0	1,094.0035	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Harold Lawrence Morrison, Jr.	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MARKEL GROUP INC. (MKL) report for Harold Lawrence Morrison Jr.?

MARKEL GROUP INC. reported that director Harold Lawrence Morrison Jr. received a grant of 89 shares of restricted common stock. This was a stock-based compensation award under the company’s 2024 equity incentive plan, not an open-market share purchase or sale.

Was the MKL insider transaction a stock purchase or a compensation grant?

The MKL insider transaction was a compensation grant, not a purchase. Morrison received 89 restricted stock shares at no cash cost, awarded under the 2024 Equity Incentive Compensation Plan, reflecting routine director compensation rather than a market trade in Markel Group shares.

When will Harold Lawrence Morrison Jr.’s restricted MKL shares vest?

The 89 restricted MKL shares granted to Harold Lawrence Morrison Jr. will vest on May 20, 2027, subject to specified conditions. Until vesting, the shares are restricted stock under the company’s 2024 equity incentive plan, aligning director compensation with longer-term shareholder interests.

How many MARKEL GROUP INC. shares does Morrison hold after this Form 4 transaction?

After this Form 4 transaction, Morrison directly holds 1,094.0035 shares of MARKEL GROUP INC. common stock. This total includes the newly granted 89 restricted shares, which are part of a routine equity compensation award under the company’s 2024 incentive plan.

What plan governs the restricted stock granted to the MKL director?

The restricted stock granted to the MKL director is issued under the MKL 2024 Equity Incentive Compensation Plan. This plan provides stock-based awards, such as restricted shares, to align directors’ and employees’ interests with shareholders through long-term equity compensation that vests over time.