AMERISAFE (NASDAQ: AMSF) grants 1,991 RSUs to EVP Chief Claims Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lestage Henry O IV reported acquisition or exercise transactions in this Form 4 filing.
AMERISAFE INC granted executive compensation in stock-based form. EVP and Chief Claims Officer Henry O. Lestage IV received 1,991 restricted stock units, each representing a contingent right to one share of common stock. These restricted stock units fully vest on March 1, 2029, if vesting conditions are met.
Following this grant, Lestage directly holds 24,112 shares or share-equivalents in total, indicating this is a routine, compensation-related equity award rather than a market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lestage Henry O IV
Role
EVP / Chief Claims Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,991 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 24,112 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units fully vest March 1, 2029.
Key Figures
RSUs granted: 1,991 units
Vesting date: March 1, 2029
Total holdings after grant: 24,112 shares
+2 more
5 metrics
RSUs granted
1,991 units
Restricted stock units awarded to EVP / Chief Claims Officer
Vesting date
March 1, 2029
Date when the 1,991 RSUs fully vest
Total holdings after grant
24,112 shares
Direct holdings following the RSU award
Price per RSU
$0.00
Grant price; RSUs awarded as compensation, not purchased
Underlying security
1,991 common shares
Each RSU represents one share of common stock
Key Terms
Restricted Stock Units, contingent right, vest, grant/award acquisition
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
vest financial
"The restricted stock units fully vest March 1, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What did AMERISAFE (AMSF) disclose in this Form 4 filing?
AMERISAFE disclosed that EVP and Chief Claims Officer Henry O. Lestage IV received 1,991 restricted stock units as equity compensation. Each unit represents a contingent right to one share of common stock, with the award vesting fully on March 1, 2029, subject to conditions.
How many AMERISAFE (AMSF) restricted stock units were granted to the executive?
The executive received 1,991 restricted stock units. Each unit corresponds to one potential share of AMERISAFE common stock. These units are not immediately deliverable; they become shares only if the vesting requirements are satisfied by the March 1, 2029 vesting date.
When do the newly granted AMERISAFE (AMSF) restricted stock units vest?
The restricted stock units granted to Henry O. Lestage IV fully vest on March 1, 2029. Vesting means the contingent rights convert into actual shares of common stock, assuming the executive remains eligible and all applicable vesting conditions are satisfied through that date.
Is this AMERISAFE (AMSF) Form 4 filing a stock purchase or sale?
The Form 4 reflects a grant of 1,991 restricted stock units as compensation, not an open-market stock purchase or sale. The transaction is coded as an award acquisition, meaning the executive received equity-based incentives rather than buying or selling shares for cash.
What is Henry O. Lestage IV’s AMERISAFE (AMSF) holding after the grant?
After the grant, Henry O. Lestage IV directly holds 24,112 shares or share-equivalents of AMERISAFE common stock. This total includes the newly awarded 1,991 restricted stock units, highlighting his ongoing equity stake aligned with the company’s long-term performance.
Does the AMERISAFE (AMSF) Form 4 mention stock options or only RSUs?
The filing details only restricted stock units, not stock options. It specifies 1,991 RSUs tied to AMERISAFE common stock, each representing a contingent right to one share, with a stated vesting date of March 1, 2029 for the full award.