Everest Group (EG) EVP Jill Beggs Withholds Shares to Cover Taxes
$EG · EVEREST GROUP, LTD.Research Summary
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Everest Group (EG) EVP Jill Beggs Withholds Shares to Cover Taxes
What Happened Jill Beggs, EVP and CEO of Reinsurance at Everest Group (EG), had a total of 460 common shares withheld/disposed to satisfy tax withholding obligations tied to vested restricted stock. The filing shows 247 shares withheld at $338.00 each ($83,486) and 213 shares withheld at $338.00 each ($71,994), for a combined value of approximately $155,480. This was a tax-withholding event (transaction code F), not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-03-02; Filing date: 2026-03-03 (appears timely).
- Share counts and prices: 247 shares @ $338.00 = $83,486; 213 shares @ $338.00 = $71,994; total 460 shares ≈ $155,480.
- Footnotes: F1 — shares withheld to pay taxes on 490 vested restricted shares granted 02/28/2024; F2 — shares withheld to pay taxes on 423 vested restricted shares granted 02/26/2025. The withheld shares represent a portion of those vested awards.
- Shares owned after the transaction: Not specified in the provided filing.
- Transaction type: Tax withholding/cashless disposition (routine administrative action).
Context Withholding shares to cover taxes is a common administrative step when restricted shares vest and does not necessarily indicate the insider is bearish or buying/selling based on company outlook. This was a withholding (not a market sale) tied to prior grants that vested, effectively a cashless method to meet tax obligations.