4//SEC Filing
Merten Joseph Gerard 4
Accession 0000021175-18-000038
CIK 0000021175other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 12:50 PM ET
Size
10.6 KB
Accession
0000021175-18-000038
Insider Transaction Report
Form 4
Merten Joseph Gerard
EVP, Technology & Operations
Transactions
- Tax Payment
Common Stock
2018-03-15$52.29/sh−671$35,087→ 36,303 total - Award
Common Stock
2018-03-15+11,485→ 36,974 total
Footnotes (4)
- [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 Long-Term Incentive Plan based upon achievement of predetermined financial goals over a three year period. For 2015-2017 performance period, Mr. Merten was awarded 1,372 shares of CNA Financial Corporation's common stock.
- [F2]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 Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2017 performance cycle. 10,113 PSP shares were achieved and will cliff vest on March 15, 2020. 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.
- [F3]The Reporting Person received the CNAF shares at no cost.
- [F4]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.
Issuer
CNA FINANCIAL CORP
CIK 0000021175
Entity typeother
Related Parties
1- filerCIK 0001705572
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 12:50 PM ET
- Size
- 10.6 KB