LINDQUIST SCOTT R 4

What Happened

• Scott R. Lindquist, EVP & CFO of CNA Financial Corporation (CNA), was granted 37,232 performance-share awards on 2026-03-15 (reporting code A). The shares were issued at no cost ($0.00).
• On the same date, 18,603 shares were withheld/disposed to satisfy tax withholding obligations at a price of $47.03 per share, generating proceeds/value of $874,899 (reporting code F). This withholding is not an open-market sale but a tax-satisfaction action.

Key Details

• Transaction dates: 2026-03-15 (grant and withholding); Form 4 filed 2026-03-17 (timely filing).
• Grant: 37,232 performance share units (PSPs) granted at $0.00.
• Withholding: 18,603 shares withheld at $47.03, total ~$874,899 to cover taxes.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: PSP awards relate to the 2025 performance cycle and were achieved; the 37,232 PSPs will cliff vest on 2028-03-15, subject to continuous employment through the vest date. The shares were received at no cost; the Incentive Compensation Plan permits share withholding to satisfy tax obligations.
• Transaction codes: A = Award/Grant, F = Tax withholding (share surrender to cover taxes).

Context

• These were performance-share awards, not a cash purchase or option exercise. The awarded PSPs will not vest until 2028 (cliff vest), so Lindquist does not yet have transferable shares from this grant unless other terms apply.
• Withholding shares to cover taxes is a common administrative step and should not be read as an open-market sale indicating sentiment about the company.