Smith Amy Marie 4

What Happened

• Amy Marie Smith, SVP & Chief Accounting Officer of CNA Financial Corporation, was granted 4,773 performance share units (PSPs) on 2026-03-15 (acquired at $0.00). On the same date, 1,787 existing shares were surrendered/ disposed to satisfy tax withholding obligations at an effective price of $47.03 per share, totaling $84,043.
• The grant is an award (not a purchase) and the share disposition was a routine tax-withholding event rather than an open-market sale.

Key Details

• Transaction dates: 2026-03-15; Filing date: 2026-03-17.
• Grant: 4,773 PSPs @ $0.00 (code A — award/acquisition).
• Withholding/disposition: 1,787 shares @ $47.03 = $84,043 (code F — payment of exercise price or tax liability).
• Shares owned after the transactions: not reported in the provided filing excerpt.
• Footnotes: The 4,773 PSPs were earned for the 2025 performance cycle and will cliff vest on 2028-03-15 provided continuous employment (F1). The awarded shares were received at no cost (F2). The company’s plan permits withholding of shares to satisfy taxes (F3).
• Filing timeliness: Filed two days after the transaction date (2026-03-17 for 2026-03-15 transactions), within the typical two-business-day Form 4 reporting window.

Context

• Performance share awards reflect compensation tied to multi-year performance goals; these PSPs will not vest until 2028 subject to service and plan conditions, so this is not an immediate purchase signal.
• The 1,787-share disposition was a standard tax-withholding mechanism (common with equity awards) and does not necessarily indicate a decision to reduce personal holdings for investment reasons.