Michael A. Costonis - Mar 15, 2023 Form 4 Insider Report for CNA FINANCIAL CORP (CNA)

Role
EVP, Head of Marketing
Signature
Stathy Darcy by Power of Attorney for Michael A. Costonis
Stock symbol
CNA
Transactions as of
Mar 15, 2023
Transactions value $
-$626,206
Form type
4
Date filed
3/17/2023, 12:08 PM
Previous filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNA Common Stock Award $0 +33.5K +30.96% $0.00 142K Mar 15, 2023 Direct F1, F2
transaction CNA Common Stock Tax liability -$626K -17K -12% $36.84 125K Mar 15, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) provides for the issuance of CNA Financial Corporation's common stock under the Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2022 performance cycle. 33,489 PSP shares were achieved and will cliff vest on March 15, 2025. No performance share unit shall vest on such vesting date unless the reporting person has been continuously employed by CNA Financial Corporation from the grant date until such vesting date except as otherwise specified in award terms and employment agreement, if any.
F2 The Reporting Person received the CNAF shares at no cost.
F3 The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.