Neuenschwander Jeffrey John 4
4 · CNA FINANCIAL CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
CNA (CNA) SVP Jeffrey Neuenschwander Receives 3,540-Share Award
What Happened
Jeffrey John Neuenschwander, SVP and General Counsel of CNA Financial Corporation, was granted 3,540 Performance Share Plan (PSP) shares on 2026-03-15 (reported 2026-03-17). The PSP shares were issued at no cost (reported price $0.00) and will cliff vest on March 15, 2028 subject to continued employment and achievement of the 2025 performance goals. To satisfy tax withholding obligations, 1,361 shares were withheld/disposed at $47.03 per share, generating proceeds of $64,008.
Key Details
- Transaction dates: Grant and withholding both reported for 2026-03-15; Form 4 filed 2026-03-17 (timely filing).
- Grant: 3,540 PSP shares issued at $0.00 (received at no cost; vesting contingent on performance and continued employment; cliff vest date 2028-03-15).
- Tax withholding (disposition): 1,361 shares withheld/disposed at $47.03 per share for $64,008 total (code F — tax withholding under the plan).
- Shares owned after transaction: Not specified in the provided filing.
- Relevant plan terms: The Incentive Compensation Plan permits share withholding to satisfy tax obligations (footnotes F1–F3).
Context
This was a performance-based equity award, not an open-market purchase or sale. The withheld 1,361 shares were used solely to cover tax withholding — a routine administrative step common with equity awards — and do not necessarily indicate a change in investment stance. The awarded PSPs will only vest if performance goals are met and the reporting person remains employed through the vesting date.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-15+3,540→ 11,925 total - Tax Payment
Common Stock
[F3]2026-03-15$47.03/sh−1,361$64,008→ 10,564 total
Footnotes (3)
- [F1]The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) 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 2025 performance cycle. 3,540 PSP shares were achieved and will cliff vest on March 15, 2028. 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.
- [F2]The Reporting Person received the CNAF shares at no cost.
- [F3]The Company's Incentive Compensation Plan (as amended and restated as of January 1, 2020) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.