Mark L. Shapiro - Dec 1, 2021 Form 4 Insider Report for BERKLEY W R CORP (WRB)

Role: Director
Signature: Mark L. Shapiro
Stock symbol: WRB
Transactions as of: Dec 1, 2021
Transactions value $: -$448,347
Form type: 4
Date filed: 12/3/2021, 05:55 PM
Previous filing: Jun 16, 2021
Next filing: Jun 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WRB	Common Stock	Options Exercise		+5.77K			5.77K	Dec 1, 2021	Direct	F1
transaction	WRB	Common Stock	Disposed to Issuer	-$448K	-5.77K	-100%	$77.73	0	Dec 1, 2021	Direct
holding	WRB	Common Stock						91K	Dec 1, 2021	By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WRB	Phantom Stock	Options Exercise		-5.77K	-100%		0	Dec 1, 2021	Common Stock	5.77K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of phantom stock was deemed invested in one share of W. R. Berkley Corporation (the "Company") common stock pursuant to the terms of the Company's Deferred Compensation Plan for Directors (the "Plan"). In connection with the amendment and restatement of the Plan and the transfer of its administration, the reporting person's shares of phantom stock were settled for cash as of December 1, 2021.

Content

Each share of phantom stock was deemed invested in one share of W. R. Berkley Corporation (the "Company") common stock pursuant to the terms of the Company's Deferred Compensation Plan for Directors (the "Plan"). In connection with the amendment and restatement of the Plan and the transfer of its administration, the reporting person's shares of phantom stock were settled for cash as of December 1, 2021.