SEC Form 4 · accession 0000021175-17-000062
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry A. Haefner
Officer — EVP & Chief Actuary
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 12:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021175
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2017 | A | 17,360 | $0.00 | A | 35,902 | D | |
| Common Stock | Mar 15, 2017 | F | 899 | $44.30 | D | 35,003 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Company's Incentive Compensation Plan (as amended as of January 1, 2010 and April 27, 2016) provides for the issuance of CNA Financial Corporation's common stock under the Special Supplemental Equity (SSE) and Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2016 performance cycle. 5,786 SSE shares were achieved with half vesting on March 15, 2017 and the remaining to vest on March 15, 2018. 11,574 PSP shares were achieved and will cliff vest on March 15, 2019. 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.
- F2The Company's Incentive Compensation Plan (as amended as of January 1, 2010 and April 27, 2016) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.