WRB EVP Philip Welt Receives RSU Award; 592 Shares Withheld

What Happened Philip S. Welt, Executive Vice President & Secretary of W. R. Berkley Corporation (WRB), received 14,086 performance-based restricted stock units (RSUs) that vested on August 3, 2026 (reported as an award). To satisfy tax withholding on the vesting, 592 shares were withheld/disposed at $72.29 each, totaling $42,794. The RSUs themselves are reported at $0.00 acquisition cost because they are awards that vested.

Key Details

• Transaction date: 2026-08-03; Form 4 filed 2026-08-05 (filed within two business days).
• Award (code A): 14,086 RSUs vested (recorded at $0.00).
• Tax withholding (code F): 592 shares withheld at $72.29 for $42,794.
• Footnotes: Vesting comprised tranches granted in 2021 (5,550 shares), 2022 (4,181), and 2023 (4,355) for the three-year performance period ending June 30, 2026.
• Reported holdings note: Includes 139,750 shares of common stock underlying RSUs that have vested (receipt deferred); does not include unvested performance RSUs.

Context This filing reflects RSU vesting and routine tax withholding — not an open-market sale for investment purposes. Code A indicates an award/grant (vesting), and code F indicates payment of tax liability via share withholding. Such transactions are common with executive compensation and do not by themselves indicate a change in executive sentiment about the company.