Form 4: Everest Group Officer Reports Tax-Related Share Withholding
Insider Transaction Report
Robert J. Freiling, SVP & Chief Accounting Officer of Everest Group, reported the withholding of common shares to cover tax obligations on vested restricted stock.
Summary
- Robert J. Freiling, SVP & Chief Accounting Officer of Everest Group, Ltd. (EG), reported transactions involving common shares.
- On February 23, 2026, a total of 183 common shares were withheld to satisfy tax obligations related to vested restricted stock awards.
- These withholdings included 64 shares for 207 restricted shares granted on February 23, 2021, 72 shares for 216 restricted shares granted on February 23, 2022, and 47 shares for 170 restricted shares granted on February 23, 2023.
- The price per share for these tax-related transactions was $341.42.
- Following these reported transactions, Mr. Freiling directly beneficially owns 6,403 common shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing, reflecting a standard tax-related transaction for vested equity compensation, with no material impact on company operations or valuation.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership changes, which are routine for compensation and tax purposes.
Stakeholder Impact
- Shareholders: Minor, routine administrative transaction with no direct operational or financial impact on the company's performance or strategy.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Grant date of 207 restricted shares. |
| 02/23/2022 | Grant date of 216 restricted shares. |
| 02/23/2023 | Grant date of 170 restricted shares. |
| 02/23/2026 | Transaction date for common shares withheld for tax obligations on vested restricted shares. |
| 02/25/2026 | Signature date of the reporting person. |
Keywords
Everest Group, EG, Form 4, Insider Transaction, Share Withholding, Restricted Stock, Tax Obligation, Robert J. Freiling, SVP & Chief Accounting Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.