secwatch.observer — SEC 8-K summary
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Issuer:     MARKEL GROUP INC. (MKL)
CIK:        0001096343
Form:       8-K/A
Filed at:   2022-05-23T23:59:59+00:00
Accession:  0001096343-22-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Markel discloses Andrew Crowley's employment terms: $402,500 salary, bonus, equity targets
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- Base salary of $402,500, subject to annual review.
- Target annual cash bonus of not less than 100% of base salary, subject to performance.
- Target annual equity incentive of not less than 100% of base salary, subject to Compensation Committee approval.
- Initial term runs May 9, 2022 to December 31, 2024; auto-renews for one-year periods.
- Severance: salary continuation, health coverage, target bonus lump-sum, and full vesting of equity (performance awards at target) for without-cause termination or good reason after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096343/000109634322000111/0001096343-22-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096343/000109634322000111/mkl-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001096343-22-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer