SEC Form 4 · accession 0000021175-17-000100
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan D Kantor
Officer — EVP
Period of report
Jul 7, 2017
Accepted (ET)
Jul 11, 2017 · 4:40 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 Stock | Jul 7, 2017 | F | 3,183 | $48.88 | D | 51,574 | D | |
| Common Stock | Jul 7, 2017 | F | 12,733 | $48.88 | D | 38,841 | D | |
| Common StockF2 | Jul 7, 2017 | A | 4,830 | $0.00 | A | 43,671 | D | |
| Common Stock | Jul 7, 2017 | F | 2,490 | $48.88 | D | 41,181 | 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) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants. These shares were previously reported on March 17, 2017. Due to retirement, the vesting dates were accelerated to July 7, 2017.
- F2The Company's Incentive Compensation Plan (as amended as of January 1, 2010) provides for the issuance of CNA Financial Corporation's common stock under the Long-Term Incentive Plan based upon achievement of predetermined financial goals over a three year period. Due to retirement, for 2015-2017 performance period, Mr. Kantor was awarded 50% of target (4,830) shares of CNA Financial Corporation's common stock. The remaining target shares due, if any, will be paid in March 2018.
- F3The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.