Form 4: Everest Group Executive Mike Karmilowicz Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP Mike Karmilowicz of Everest Group, LTD. reports disposing of 122 common shares to cover tax obligations related to vested restricted shares.
Summary
- On February 26, 2025, Mike Karmilowicz, EVP and Chairman Insurance at Everest Group, LTD., disposed of 122 common shares.
- The transaction was executed to cover tax obligations arising from 312 vested restricted shares granted on February 26, 2020.
- The shares were sold at a price of $344.475 per share.
- Following the transaction, Karmilowicz directly owns 11,993 common shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common among executives with equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2020 | Date of grant for 312 restricted shares that vested. |
| 02/26/2025 | Date of transaction: Disposal of 122 common shares to cover tax obligations. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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