Employers Holdings (EIG) CFO receives 5,800 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pedraja Michael reported acquisition or exercise transactions in this Form 4 filing.
Employers Holdings, Inc. reported that its EVP and Chief Financial Officer, Michael Pedraja, received a grant of 5,800 shares of common stock in the form of restricted stock units. These units vest in four equal annual installments beginning on March 15, 2027, contingent on his continued employment. Following this award, Pedraja directly holds 25,630 shares of Employers Holdings common stock. This is a compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pedraja Michael
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 5,800 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 25,630 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Employers Holdings (EIG) report for CFO Michael Pedraja?
Employers Holdings reported that CFO Michael Pedraja received a grant of 5,800 restricted stock units of common stock. The award is a compensation-related grant at no purchase price, rather than an open-market buy, and increases his direct holdings to 25,630 shares.
How do the 5,800 restricted stock units for EIG’s CFO vest over time?
The 5,800 restricted stock units granted to EIG’s CFO vest in four equal annual installments starting March 15, 2027. Each year, one-quarter of the units becomes unrestricted, subject to his continued employment on each applicable vesting date.
Is the Employers Holdings (EIG) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 transaction is a compensation grant, not an open-market purchase. CFO Michael Pedraja received 5,800 restricted stock units at a per-share price of $0.00, reflecting an equity award as part of his compensation package rather than a discretionary stock buy.
What conditions apply to the new restricted stock units granted by Employers Holdings (EIG)?
The restricted stock units vest only if the CFO remains employed on each vesting date. They vest in four equal annual installments beginning March 15, 2027, so continued employment is required for him to receive the full benefit of all 5,800 units.