Welt Philip S 4
4 · BERKLEY W R CORP · Filed Aug 17, 2022
Insider Transaction Report
Form 4
Welt Philip S
EVP & Secretary
Transactions
- Tax Payment
Common Stock
2022-08-15$65.78/sh−417$27,430→ 104,648 total - Award
Common Stock
2022-08-15+3,686→ 105,065 total
Holdings
- 14,728(indirect: By ESPP)
Common Stock
Footnotes (5)
- [F1]Represents the vesting of a tranche of performance-based restricted stock units ("RSUs") granted in 2019 under the W. R. Berkley Corporation 2018 Stock Incentive Plan for the three-year performance period ending June 30, 2022.
- [F2]On March 23, 2022, the Company's common stock split on a 3-for-2 basis (the "Stock Split"), resulting in an increase of 14,229 shares of common stock underlying vested RSUs beneficially owned by the reporting person.
- [F3]Represents payment of tax liability by withholding securities incident to the vesting of RSUs.
- [F4]Includes 55,126 shares of common stock underlying RSUs, 52,179 of which have vested (the receipt of which has been deferred) and the balance of 2,947 is scheduled to vest on August 15, 2023; and does not include unvested shares of common stock underlying performance-based RSUs.
- [F5]Includes an increase of 4,847 shares of common stock beneficially owned resulting from the Stock Split.