Crowley Andrew G. 4

What Happened

• Andrew G. Crowley, Executive Vice President and President of Markel Ventures, received an award of 830.02 restricted stock units (RSUs) on February 24, 2026. The reported acquisition price is $0.00, so the award had no upfront cash cost; total reported value at grant is $0.
• The RSUs are granted under Markel’s 2024 Equity Incentive Compensation Plan and will vest over time rather than being immediately tradable.

Key Details

• Transaction date: February 24, 2026; filed on February 26, 2026 (filed two days after the transaction; appears timely under the SEC’s two-business-day Form 4 rule).
• Shares/units granted: 830.02 RSUs at $0.00 (code A — award/grant).
• Vesting schedule (footnote): 693.951 RSUs vest on December 31, 2028; 136.069 RSUs vest on February 24, 2029.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Other footnote (F2): filing references the MKL 401(k) plan balance as of December 31, 2025 (used for reporting plan-related holdings).
• No indication these RSUs were immediately sold (they are time‑based awards subject to future vesting).

Context

• RSUs are a form of equity compensation that convert to shares (and become taxable) when they vest; they are typically used for retention and long‑term alignment rather than immediate trading.
• An award/grant (A) is not the same as a purchase or sale and does not by itself signal buying pressure; it reflects company compensation to the insider.