TRV EVP awarded 6,046 shares, stock withheld for taxes
TRAVELERS COMPANIES, INC. executive Diane Kurtzman, EVP & Chief HR Officer, reported two common stock transactions.
Rhea-AI Filing Summary
TRAVELERS COMPANIES, INC. executive Diane Kurtzman, EVP & Chief HR Officer, reported two common stock transactions. She acquired 6,046.660 shares at a price of $0.0000, representing common stock paid out upon achievement of performance objectives from performance share rights granted in 2023.
On the same date, 3,087.000 shares were disposed of in a tax-withholding transaction at $298.4600 per share to cover tax obligations by delivering shares. After these transactions, her directly held common stock position was 6,778.209 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kurtzman Diane
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,046.66 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,087 | $298.46 | $921K |
Holdings After Transaction:
Common Stock — 6,778.209 shares (Direct)
Footnotes (1)
- F1. Represents common stock paid out upon achievement of performance objectives contained in performance share rights granted in 2023.
FAQ
What insider transactions did TRV executive Diane Kurtzman report on this Form 4?
Diane Kurtzman reported one stock acquisition and one stock disposition. She received 6,046.660 common shares at $0.0000 and had 3,087.000 shares withheld at $298.4600 per share for taxes, both involving Travelers Companies common stock.
Was the TRV Form 4 transaction by Diane Kurtzman an open-market stock sale?
No, the Form 4 does not show an open-market sale. The disposition of 3,087.000 shares at $298.4600 per share is coded as a tax-withholding transaction, used to satisfy tax liabilities by delivering shares rather than selling them on the open market.
What do the transaction codes A and F mean in the TRV Form 4 for Diane Kurtzman?
Code A indicates a grant, award, or other acquisition of shares, here 6,046.660 shares. Code F indicates shares disposed of to pay an exercise price or tax liability, here 3,087.000 shares used to satisfy tax obligations related to the performance-based stock payout.
AI-generated analysis. How Rhea-AI works. Not financial advice.