Employers Holdings (NYSE: EIG) director receives 2,196 RSUs and new DERs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sorenson Steven P reported acquisition or exercise transactions in this Form 4 filing.
Employers Holdings, Inc. director Steven P. Sorenson reported equity-based compensation awards rather than open-market trades. He received 2,196 restricted stock units that will vest on May 28, 2027, increasing his direct holdings to 6,743 common shares. He was also granted 20 Dividend Equivalent Rights tied to previously vested deferred RSUs, bringing his total DER balance to 81. Each DER is the economic equivalent of one share of Employers Holdings common stock and becomes exercisable proportionately with the related RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sorenson Steven P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 2,196 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights | 20 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 6,743 shares (Direct, null);
Dividend Equivalent Rights — 81 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that vest on May 28, 2027. The dividend equivalent rights ("DERs") accrued on vested restricted stock units ("RSUs") previously granted to the reporting person where the reporting person has voluntarily deferred delivery of such RSUs until six months following termination of service on the board of directors. The DERs become exercisable proportionately with the RSUs to which they relate. Each DER is the economic equivalent of one share of common stock of Employers Holdings, Inc.
Key Figures
RSUs granted: 2,196 units
Common shares after transaction: 6,743 shares
Dividend Equivalent Rights granted: 20 DERs
+1 more
4 metrics
RSUs granted
2,196 units
Restricted stock units vesting on May 28, 2027
Common shares after transaction
6,743 shares
Direct holdings following RSU grant
Dividend Equivalent Rights granted
20 DERs
New DERs tied to previously vested deferred RSUs
Total Dividend Equivalent Rights
81 DERs
DER balance after acquisition
Key Terms
restricted stock units, Dividend Equivalent Rights, RSUs, economic equivalent of one share
4 terms
restricted stock units financial
"Represents restricted stock units that vest on May 28, 2027."
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.
Dividend Equivalent Rights financial
"The dividend equivalent rights ("DERs") accrued on vested restricted stock units ("RSUs") previously granted"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
RSUs financial
"DERs accrued on vested restricted stock units ("RSUs") previously granted to the reporting person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
