KOCIANCIC MARK 4
Research Summary
AI-generated summary
Everest Group (EG) EVP/CFO Mark Kociancic Receives 1,369 Shares
What Happened
- Mark Kociancic, EVP & CFO of Everest Group (EG), received 1,369 common shares on 2026-03-13 as the settlement of performance share units (PSUs). The shares were valued at $322.87 each, a total of $442,009. At the same time, 701 shares (also at $322.87 each, $226,332) were surrendered to cover withholding taxes related to the PSU settlement, resulting in a net addition of 668 shares (approx. $215,677).
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (timely reporting).
- Grant/Acquisition: 1,369 shares @ $322.87 = $442,009 (code A; PSU settlement).
- Tax withholding/Disposition: 701 shares @ $322.87 = $226,332 (code F; shares withheld to pay taxes).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = Settlement in common shares of PSUs granted in 2023. F2 = 701 shares disposed to pay withholding taxes on settlement of PSUs.
- No 10b5-1 plan or late filing flag noted in the excerpt.
Context
- This was a PSU settlement (not an open-market purchase or unrelated sale). The withholding of 701 shares to cover taxes is a routine administrative step and does not necessarily indicate a voluntary sale for liquidity or investment reasons. Overall, the insider net added 668 shares to his holdings.