Neuenschwander Jeffrey John 4

What Happened
Jeffrey John Neuenschwander, SVP and General Counsel of CNA Financial Corporation, was granted 3,540 Performance Share Plan (PSP) shares on 2026-03-15 (reported 2026-03-17). The PSP shares were issued at no cost (reported price $0.00) and will cliff vest on March 15, 2028 subject to continued employment and achievement of the 2025 performance goals. To satisfy tax withholding obligations, 1,361 shares were withheld/disposed at $47.03 per share, generating proceeds of $64,008.

Key Details

• Transaction dates: Grant and withholding both reported for 2026-03-15; Form 4 filed 2026-03-17 (timely filing).
• Grant: 3,540 PSP shares issued at $0.00 (received at no cost; vesting contingent on performance and continued employment; cliff vest date 2028-03-15).
• Tax withholding (disposition): 1,361 shares withheld/disposed at $47.03 per share for $64,008 total (code F — tax withholding under the plan).
• Shares owned after transaction: Not specified in the provided filing.
• Relevant plan terms: The Incentive Compensation Plan permits share withholding to satisfy tax obligations (footnotes F1–F3).

Context
This was a performance-based equity award, not an open-market purchase or sale. The withheld 1,361 shares were used solely to cover tax withholding — a routine administrative step common with equity awards — and do not necessarily indicate a change in investment stance. The awarded PSPs will only vest if performance goals are met and the reporting person remains employed through the vesting date.