W. R. Berkley EVP reports 14,086 RSU shares
W. R. Berkley Corporation EVP & Secretary Philip S. Welt reported equity compensation activity in common stock.
Rhea-AI Filing Summary
W. R. Berkley Corporation EVP & Secretary Philip S. Welt reported equity compensation activity in common stock. On August 3, 2026, he acquired 14,086 shares at no cost upon vesting of tranches of performance-based RSUs granted in 2021, 2022 and 2023 under the 2018 Stock Incentive Plan. On the same date, 592 shares were withheld at $72.2875 per share to satisfy related tax liabilities. His reported position also includes 139,750 shares of common stock underlying vested RSUs with receipt deferred and 25,139 shares held indirectly through an ESPP.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Welt Philip S
Role
EVP & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14,086 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 592 | $72.2875 | $43K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 214,033 shares (Direct);
Common Stock — 25,139 shares (Indirect, By ESPP)
Footnotes (3)
- F1. Represents the vesting of tranches of performance-based restricted stock units ("RSUs") granted in 2021, 2022 and 2023 under the W. R. Berkley Corporation 2018 Stock Incentive Plan for the three-year performance period ending June 30, 2026 (consisting of 5,550 shares; 4,181 shares; and 4,355 shares, respectively).
- F2. Represents payment of tax liability by withholding securities incident to the vesting of RSUs.
- F3. Includes 139,750 shares of common stock underlying RSUs, all of which have vested (the receipt of which has been deferred) and does not include unvested shares of common stock underlying performance-based RSUs.
Key Figures
RSU vesting shares: 14,086 shares
Shares withheld for taxes: 592 shares
Tax withholding price: $72.2875 per share
+3 more
6 metrics
RSU vesting shares
14,086 shares
Common stock acquired on August 3, 2026 via vesting of performance-based RSUs
Shares withheld for taxes
592 shares
Shares withheld at RSU vesting to satisfy tax liability (code F)
Tax withholding price
$72.2875 per share
Per-share value applied to 592 shares withheld for tax obligations
Vested RSUs deferred
139,750 shares
Common stock underlying vested RSUs with receipt deferred, excluding unvested performance RSUs
ESPP indirect holdings
25,139 shares
Common stock held indirectly, noted as "By ESPP" after the reported transactions
RSU tranche sizes
5,550; 4,181; 4,355 shares
Tranches from 2021, 2022 and 2023 RSU grants for performance period ending June 30, 2026
Key Terms
performance-based restricted stock units, 2018 Stock Incentive Plan, tax liability, ESPP
4 terms
performance-based restricted stock units financial
"Represents the vesting of tranches of performance-based restricted stock units ("RSUs")"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2018 Stock Incentive Plan financial
"granted in 2021, 2022 and 2023 under the W. R. Berkley Corporation 2018 Stock Incentive Plan"
tax liability financial
"Represents payment of tax liability by withholding securities incident to the vesting of RSUs"
ESPP financial
"total shares following transaction were held indirectly "By ESPP""
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock award did W. R. Berkley (WRB) executive Philip S. Welt report on this Form 4?
Philip S. Welt reported receiving 14,086 shares of W. R. Berkley common stock on August 3, 2026. The shares reflect vesting of tranches of performance-based RSUs granted in 2021, 2022 and 2023 under the W. R. Berkley Corporation 2018 Stock Incentive Plan.
What deferred RSU holdings did the WRB Form 4 disclose for Philip S. Welt?
The filing notes that Welt’s reported holdings include 139,750 shares of W. R. Berkley common stock underlying RSUs that have vested. Receipt of these shares has been deferred, and the figure excludes any unvested performance-based RSUs not yet earned.
Were Philip S. Welt’s WRB transactions reported under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox was not marked as affirmative, and no footnote states that these transactions occurred under a Rule 10b5-1 trading plan. The reported events relate to RSU vesting and associated tax withholding rather than open-market trades.
How are the performance-based RSUs for W. R. Berkley (WRB) structured in this Form 4?
The RSU vesting covers tranches from grants in 2021, 2022 and 2023 for a three-year performance period ending June 30, 2026. Tranche sizes are 5,550, 4,181 and 4,355 shares, respectively, totaling the 14,086 shares that vested on August 3, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
