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 334 common shares to cover tax obligations related to vested restricted shares.
Summary
- On March 3, 2025, Mike Karmilowicz, EVP and Chairman Insurance at Everest Group, LTD., disposed of 334 common shares.
- The transaction was executed to cover tax obligations arising from the vesting of 846 restricted shares granted on February 28, 2024.
- The shares were disposed of at a price of $355.225 per share.
- Following the transaction, Karmilowicz directly owns 11,659 common shares.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal part of equity compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of grant for 846 restricted shares that vested. |
| 03/03/2025 | Date of transaction: Disposal of 334 common shares to cover tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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