Form 4: Markel Group CAO Meade P. Grandis Reports Stock Sale and Beneficial Ownership Changes
SEC Form 4 Filing
Meade P. Grandis, CAO and Controller of Markel Group Inc., reports the sale of 400 shares of common stock and updates to beneficial ownership, including holdings in trusts and the 401(k) plan.
Summary
- On May 5, 2025, Meade P. Grandis, CAO and Controller of Markel Group Inc., sold 400 shares of common stock at a price of $1,877.44 per share.
- Following the transaction, Grandis directly owns 224.355 shares of Markel Group common stock.
- Grandis also has indirect ownership through a 401(k) plan (64.983 shares), a trust (2,000 shares), his spouse (518 shares), his daughter (137 shares), and his son (83 shares).
- His spouse was appointed co-trustee of two trusts on February 20, 2025, and is the trustee of an irrevocable trust.
- Between December 31, 2024, and March 31, 2025, Grandis acquired 0.999 shares under the MKL 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reports transactions and changes in beneficial ownership without expressing any positive or negative outlook.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The stock sale by an officer may be of interest to shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| December 31, 2024 | Start date for 401(k) share acquisition period. |
| February 20, 2025 | Spouse appointed co-trustee of two trusts. |
| March 31, 2025 | End date for 401(k) share acquisition period; 401(k) plan balance information date. |
| May 5, 2025 | Date of stock sale transaction. |
| May 7, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Markel Group, MKL, Grandis, Stock Sale, CAO, Controller
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