Form 4: Everest Group EVP Mike Karmilowicz Reports Share Acquisition and Disposal
SEC Form 4 Filing
Mike Karmilowicz, EVP, President and CEO of the Insurance Division at Everest Group, reports acquisition and disposal of common shares related to performance share units.
Summary
- On March 14, 2024, Mike Karmilowicz acquired 1,521 common shares of Everest Group at a price of $386.6453 per share.
- On the same day, Karmilowicz disposed of 777 common shares at the same price to cover withholding taxes related to the settlement of performance share units (PSU) awarded on February 23, 2021.
- Following these transactions, Karmilowicz directly owns 12,995 common shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2/23/2021 | Date of grant for performance share units (PSU). |
| 03/14/2024 | Date of common share acquisition and disposal. |
| 03/18/2024 | Date of signature for the report. |
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