Philip S. Welt - Aug 15, 2022 Form 4 Insider Report for BERKLEY W R CORP (WRB)

Signature
Philip S. Welt
Stock symbol
WRB
Transactions as of
Aug 15, 2022
Transactions value $
-$27,430
Form type
4
Date filed
8/17/2022, 05:22 PM
Previous filing
Aug 18, 2021
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WRB Common Stock Award $0 +3.69K +3.64% $0.00 105K Aug 15, 2022 Direct F1, F2
transaction WRB Common Stock Tax liability -$27.4K -417 -0.4% $65.78 105K Aug 15, 2022 Direct F3, F4
holding WRB Common Stock 14.7K Aug 15, 2022 By ESPP 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 a tranche of performance-based restricted stock units ("RSUs") granted in 2019 under the W. R. Berkley Corporation 2018 Stock Incentive Plan for the three-year performance period ending June 30, 2022.
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 14,229 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 Includes 55,126 shares of common stock underlying RSUs, 52,179 of which have vested (the receipt of which has been deferred) and the balance of 2,947 is scheduled to vest on August 15, 2023; and does not include unvested shares of common stock underlying performance-based RSUs.
F5 Includes an increase of 4,847 shares of common stock beneficially owned resulting from the Stock Split.