SEC Form 3 · accession 0000021175-18-000094
CNA FINANCIAL CORP · CNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Michael Anderson
Officer — EVP & Chief Financial Officer
Period of report
Aug 1, 2018
Accepted (ET)
Aug 9, 2018 · 12:57 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 | holding | — | — | — | 40,422 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock represents 29,059 shares owned and 11,363 performance share units granted to the reporting person. The 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 Performance Share Plan (PSP) awards based upon achievement of predetermined financial goals for the 2016 and 2017 performance cycle. 6,172 shares were achieved and will vest on March 15, 2019. 5,191 PSP shares were achieved and will cliff vest on March 15, 2020. 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.