Form 4: W. R. Berkley Corp Executive Transfers 208,000 Shares in Gift Transaction

Executive Vice President of Investments at W. R. Berkley Corporation, James G. Shiel, gifted 208,000 shares of common stock to his spouse, who then gifted them to a trust.

Summary

• James G. Shiel, Executive Vice President of Investments at W. R. Berkley Corporation, transferred 208,000 shares of common stock on January 8, 2025.
• The shares were initially gifted to his spouse and then subsequently gifted to the 2022 SLAT, a trust where Mr. Shiel is a co-trustee and beneficiary.
• Following the transaction, Mr. Shiel directly owns 783,065 shares, which includes 631,650 shares underlying vested restricted stock units.
• The reported transaction does not include shares underlying unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard executive share transaction, with no positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine filing related to executive share transactions and is common in publicly traded companies. It does not indicate any specific trend or event within the insurance industry.

Comparison to Industry Standards

• Executive share transactions are a common occurrence in publicly listed companies, including those in the insurance sector.
• The reporting of these transactions via SEC Form 4 is standard practice and ensures transparency.
• Similar transactions are regularly reported by executives at comparable companies such as Chubb, Travelers, and Progressive.

Related Party Transactions

• The transaction involved a gift to the reporting person's spouse and a subsequent gift to a trust where the reporting person is a co-trustee and beneficiary.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of existing shares and does not dilute the company's equity.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

share transfer, executive transaction, beneficial ownership, restricted stock units, WR Berkley Corp, James G. Shiel, trust