CNA FINANCIAL CORP 4
4 · CNA FINANCIAL CORP · Filed Mar 17, 2017
Insider Transaction Report
Form 4
Brosnan David John
President, International
Transactions
- Tax Payment
Common Stock
2017-03-15$44.30/sh−2,045$90,594→ 26,626 total - Award
Common Stock
2017-03-15+26,851→ 28,671 total
Footnotes (2)
- [F1]The Company's Incentive Compensation Plan (as amended as of January 1, 2010 and April 27, 2016) provides for the issuance of CNA Financial Corporation's common stock under the Special Supplemental Equity (SSE) and Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2016 performance cycle. 8,950 SSE shares were achieved with half vesting on March 15, 2017 and the remaining to vest on March 15, 2018. 17,901 PSP shares were achieved and will cliff vest on March 15, 2019. No performance share unit shall vest on such vesting date unless the reporting person has been continuously employed by CNA Financial Corporation from the grant date until such vesting date except as otherwise specified in award terms and employment agreement, if any.
- [F2]The Company's Incentive Compensation Plan (as amended as of January 1, 2010 and April 27, 2016) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.