Richard M. Baio - Aug 15, 2022 Form 4 Insider Report for BERKLEY W R CORP (WRB)

Role
EVP & CFO
Signature
Richard M. Baio
Stock symbol
WRB
Transactions as of
Aug 15, 2022
Transactions value $
-$35,982
Form type
4
Date filed
8/17/2022, 05:22 PM
Previous filing
Aug 18, 2021
Next filing
Apr 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRB Common Stock Award $0 +11.9K +12.33% $0.00 109K Aug 15, 2022 Direct F1, F2
transaction WRB Common Stock Tax liability -$36K -547 -0.5% $65.78 108K Aug 15, 2022 Direct F3, F4
holding WRB Common Stock 13.6K Aug 15, 2022 By 401(k) Plan F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of tranches of performance-based restricted stock units ("RSUs") granted in 2017, 2018 and 2019 under the W. R. Berkley Corporation 2018 Stock Incentive Plan (or its predecessor plan) for the three-year performance period ending June 30, 2022 (consisting of 3,905 shares; 4,323 shares; and 3,686 shares, respectively).
F2 On March 23, 2022, the Company's common stock split on a 3-for-2 basis (the "Stock Split"), resulting in an increase of 32,199 shares of common stock underlying vested RSUs beneficially owned by the reporting person.
F3 Represents payment of tax liability by withholding securities incident to the vesting of RSUs.
F4 Represents shares of common stock underlying RSUs, all of which have vested (the receipt of which has been deferred); and does not include unvested shares of common stock underlying performance-based RSUs.
F5 Includes an increase of 4,443 shares of common stock beneficially owned resulting from the Stock Split.