Employers Holdings (NYSE: EIG) director awarded 17 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
de Figueiredo Joao M reported acquisition or exercise transactions in this Form 4 filing.
Employers Holdings, Inc. director Joao M. de Figueiredo received a grant of 17 Dividend Equivalent Rights tied to previously vested restricted stock units. Each right is the economic equivalent of one share of common stock, bringing his total reported Dividend Equivalent Rights holdings to 48.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
de Figueiredo Joao M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 17 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 48 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did EIG director Joao M. de Figueiredo report?
Director Joao M. de Figueiredo reported receiving 17 Dividend Equivalent Rights as a grant. These rights are linked to previously vested restricted stock units and increase his total reported Dividend Equivalent Rights holdings to 48, all tied economically to Employers Holdings, Inc. common stock.
What are Dividend Equivalent Rights in the EIG Form 4 filing?
Dividend Equivalent Rights are instruments that mirror dividends on underlying stock units. For EIG, each right is the economic equivalent of one share of common stock and accrues on vested restricted stock units for which delivery has been voluntarily deferred by the reporting person until after board service ends.
How many Dividend Equivalent Rights does the EIG director hold after this transaction?
After this transaction, the director holds 48 Dividend Equivalent Rights in total. The 17 rights reported in this filing accrued on previously granted vested restricted stock units, and each right represents the economic equivalent of one share of Employers Holdings, Inc. common stock.
Are the EIG Dividend Equivalent Rights tied to restricted stock units?
Yes. The Dividend Equivalent Rights accrue on vested restricted stock units previously granted to the director. Those restricted stock units have delivery voluntarily deferred until six months after termination of service on the board, and the rights become exercisable proportionately with the related units.
Does the EIG director pay for the Dividend Equivalent Rights received?
No cash price is involved for these Dividend Equivalent Rights. The Form 4 shows a grant of 17 rights at a transaction price of 0.0000 per right, reflecting that they accrue as part of the existing deferred restricted stock unit award structure.
When do the EIG Dividend Equivalent Rights become exercisable?
The Dividend Equivalent Rights become exercisable proportionately with the restricted stock units to which they relate. Those restricted stock units’ delivery has been deferred by the director until six months following termination of service on the Employers Holdings, Inc. board of directors.