W. R. Berkley CFO receives 14,086 share award
W. R. Berkley Corporation EVP & CFO Richard Mark Baio received 14,086 shares of common stock on August 3, 2026 through vesting of performance-based RSUs granted in 2021, 2022 and 2023 under the 2018 Stock Incentive Plan.
Rhea-AI Filing Summary
W. R. Berkley Corporation EVP & CFO Richard Mark Baio received 14,086 shares of common stock on August 3, 2026 through vesting of performance-based RSUs granted in 2021, 2022 and 2023 under the 2018 Stock Incentive Plan. To satisfy related taxes, 650 shares were withheld at $72.2875 per share. Reported ownership includes 224,986 shares of common stock underlying vested RSUs with receipt deferred and 22,067 shares held indirectly through a 401(k) Plan, and excludes unvested performance-based RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Baio Richard Mark
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14,086 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 650 | $72.2875 | $47K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 227,611 shares (Direct);
Common Stock — 22,067 shares (Indirect, By 401(k) Plan)
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 224,986 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
RSUs vested into common shares: 14,086 shares
Shares withheld for taxes: 650 shares
Tax withholding price: $72.2875 per share
+2 more
5 metrics
RSUs vested into common shares
14,086 shares
Performance-based RSUs vesting on August 3, 2026
Shares withheld for taxes
650 shares
Withheld incident to RSU vesting to pay tax liability
Tax withholding price
$72.2875 per share
Per-share value applied to the 650 withheld shares
Vested RSUs with deferred receipt
224,986 shares
Common stock underlying vested RSUs; receipt deferred
Indirect 401(k) holdings
22,067 shares
Common stock held indirectly through a 401(k) Plan after transactions
Key Terms
performance-based restricted stock units, tax liability, Stock Incentive Plan, 401(k) Plan, +1 more
5 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.
tax liability financial
"Represents payment of tax liability by withholding securities incident to the vesting"
Stock Incentive Plan financial
"granted in 2021, 2022 and 2023 under the W. R. Berkley Corporation 2018 Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
401(k) Plan financial
"Indirect ownership reported as "By 401(k) Plan" for 22,067 shares"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
restricted stock units ("RSUs") financial
"shares of common stock underlying RSUs, all of which have vested"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did W. R. Berkley (WRB) CFO Richard Baio receive on August 3, 2026?
Richard Baio received 14,086 shares of W. R. Berkley common stock through vesting of performance-based RSUs. These shares came from grants made in 2021, 2022 and 2023 under the 2018 Stock Incentive Plan for a three-year performance period ending June 30, 2026.
Were Richard Baio’s W. R. Berkley (WRB) transactions reported under a Rule 10b5-1 trading plan?
The transactions were not reported as being made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox associated with this report is not marked as affirming that the trades occurred pursuant to such a pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
