Dino Robusto - Mar 15, 2025 Form 4 Insider Report for CNA FINANCIAL CORP (CNA)

Role: Executive Chairman, Director
Signature: Stathy Darcy by Power of Attorney for Dino E. Robusto
Stock symbol: CNA
Transactions as of: Mar 15, 2025
Transactions value $: -$3,572,596
Form type: 4
Date filed: 3/18/2025, 04:00 PM
Previous filing: Mar 19, 2025
Next filing: Apr 2, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNA	Common Stock	Award	$0	+128K	+19.24%	$0.00	794K	Mar 15, 2025	Direct	F1, F2
transaction	CNA	Common Stock	Tax liability	-$3.27M	-67.3K	-8.48%	$48.55	727K	Mar 15, 2025	Direct	F3
transaction	CNA	Common Stock	Sale	-$305K	-6.25K	-0.86%	$48.86	720K	Mar 17, 2025	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
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 2024 performance cycle. 128,109 PSP shares were achieved and will cliff vest on March 15, 2027. 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.
F4	This transaction was made pursuant to a trading plan adopted November 15, 2024, intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934.