KOCIANCIC MARK 4
Research Summary
AI-generated summary
Everest Group (EG) CFO Mark Kociancic Withholds Shares for Taxes
What Happened
- Mark Kociancic, EVP & CFO of Everest Group (EG), had company shares withheld to satisfy tax withholding obligations on vested restricted stock. Two withholding transactions on 2026-03-02 disposed of 737 shares at $338.00 ($249,106) and 1,442 shares at $338.00 ($487,396), a total of 2,179 shares and $736,502 in value. These are reported as "F" (tax withholding) dispositions — routine actions to cover tax liabilities on vesting, not open-market investment purchases.
Key Details
- Transaction date: 2026-03-02; filing date: 2026-03-03 (timely).
- Prices and amounts: 737 shares @ $338.00 = $249,106; 1,442 shares @ $338.00 = $487,396; total 2,179 shares = $736,502.
- Shares owned after transaction: not specified in the provided Form 4.
- Footnotes:
- F1: Shares withheld to pay taxes on 1,236 vested restricted shares granted 02/28/2024.
- F2: Shares withheld to pay taxes on 2,419 vested restricted shares granted 02/26/2025.
- Transaction code: F = tax withholding (company retained/surrendered shares to cover withholding rather than an open-market sale).
Context
- Withholding of shares to cover taxes is a common, administrative step when restricted stock vests; the withheld shares represent only the portion surrendered to satisfy tax obligations, not the full number of vested shares.
- Such tax-withholding disposals are generally considered routine and do not necessarily indicate the insider's view on the company’s outlook.