Pozzi James Edward 4
4 · AMERICAN NATIONAL INSURANCE CO /TX/ · Filed Mar 4, 2019
Insider Transaction Report
Form 4
Pozzi James Edward
Sr. EVP, Chief Admin. Officer
Transactions
- Exercise/Conversion
Common Stock
2019-03-01+4,031→ 24,606 total - Exercise/Conversion
Restricted Stock Units
2019-03-01−4,031→ 0 totalFrom: 2017-03-01Exp: 2019-03-01→ Common Stock (4,031 underlying) - Tax Payment
Common Stock
2019-03-01$148.76/sh−1,587$236,082→ 23,019 total - Disposition to Issuer
Common Stock
2019-03-01$148.76/sh−1,222$181,785→ 21,797 total
Footnotes (5)
- [F1]The reported transaction represents the the vesting of 4,031 restricted stock units.
- [F2]Shares were withheld at the election of the reporting person to satisfy applicable tax obligations.
- [F3]The remaining shares were settled one-half in stock and one-half in cash based on the closing price of Issuer's common stock on March 1, 2019. For reporting purposes, such cash settlement is treated as a simultaneous acquisition and disposition of the underlying common stock.
- [F4]Each restricted stock unit represents a contingent right to receive, upon vesting, one share of Issuer's common stock or, at the election of the reporting person, cash in an amount equal to the closing price of such stock on the date of vesting.
- [F5]These restricted stock units vest in three substantially equal annual installments, beginning March 1, 2017, or upon the reporting person's earlier retirement, death or disability.