Form 4: Everest Group EVP Beggs Withholds Shares for Taxes
Insider Ownership Change (Form 4)
EVP and CEO of Reinsurance Jill Beggs reported a Code F withholding of 287 Everest Group shares at $324.06 to cover taxes on RSU vesting, leaving 7,273 shares owned.
Summary
- Jill Beggs (EVP and CEO of Reinsurance) reported a Code F transaction on 11/17/2025 related to tax withholding.
- 287 common shares were withheld at $324.06 per share to satisfy taxes on 289 restricted shares that vested from a 11/16/2021 grant.
- Estimated value of shares withheld for taxes: $93,005.22.
- Post-transaction beneficial ownership: 7,273 common shares, held directly.
- No open-market purchase or sale occurred; this was an administrative tax withholding tied to equity award vesting.
Sentiment
Score: 5
Explanation: Neutral administrative transaction; no change in fundamentals or signaling implied.
Positives
- No discretionary open-market selling; shares were withheld solely for tax obligations (Code F).
- Executive continues to hold 7,273 common shares following the transaction.
- RSU vesting confirms ongoing delivery of long-term incentive compensation aligned with retention.
Negatives
- Insider share count decreased by 287 shares due to tax withholding.
Future Outlook
No forward-looking statements or guidance provided.
Management Comments
- Common shares were withheld to pay taxes on 289 vested restricted shares granted on 11/16/2021.
Industry Context
Administrative tax withholding upon RSU vesting is standard across insurance and broader corporate sectors and typically carries no signal about executive sentiment.
Comparison to Industry Standards
- Consistent with peer practices at Chubb (CB), Arch Capital (ACGL), and AIG, where executives regularly report Code F tax-withholding transactions tied to RSU vesting.
- Transaction size and nature are immaterial and administrative, similar to routine Form 4 filings across P&C insurance.
Stakeholder Impact
- Minimal impact to shareholders; shares were withheld for tax compliance rather than sold on the open market.
- Confirms equity award vesting under the executive compensation program.
Key Dates
| Date | Description |
|---|---|
| 2021-11-16 | Grant date of restricted shares that later vested (289 shares). |
| 2025-11-17 | Transaction date; 287 shares withheld to cover taxes (Code F). |
| 2025-11-18 | Signature date of the reporting person’s attorney-in-fact. |
Keywords
Everest Group, EG, Form 4, insider transaction, Jill Beggs, restricted stock, RSU vesting, tax withholding, reinsurance, executive compensation
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