Form 4: Everest Group Executive VP Mike Karmilowicz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive VP of Everest Group, Mike Karmilowicz, reports the disposal of common shares to cover withholding taxes on vested restricted shares.
Summary
- Mike Karmilowicz, Executive VP at Everest Group, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involved the disposal of common shares to cover withholding taxes on restricted shares that vested on February 23, 2024.
- A total of 222 shares, 210 shares, and 179 shares were disposed of at a price of $370.4688 per share.
- These shares were related to restricted share grants from February 23, 2021, February 23, 2022, and February 23, 2023, respectively.
- Following these transactions, Karmilowicz beneficially owns 9,975 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2/12/2024 | Date of Power of Attorney document |
| 02/23/2021 | Date of restricted share grant related to 222 shares |
| 02/23/2022 | Date of restricted share grant related to 210 shares |
| 02/23/2023 | Date of restricted share grant related to 179 shares |
| 02/23/2024 | Date of transactions and vesting of restricted shares |
| 02/27/2024 | Date of Form 4 signature |
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