Employers Holdings (EIG) director awarded 21 Dividend Equivalent Rights tied to RSUs
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 a compensation-related grant of 21 Dividend Equivalent Rights on common stock. These rights accrued on vested restricted stock units for which he has deferred share delivery until six months after leaving the board. Following this grant, he holds 61 Dividend Equivalent Rights directly, each economically equal to one share of Employers Holdings, Inc. common stock and exercisable proportionately with the related restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sorenson Steven P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 21 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 61 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Employers Holdings (EIG) report for Steven P. Sorenson?
Employers Holdings reported that director Steven P. Sorenson received a grant of 21 Dividend Equivalent Rights tied to vested restricted stock units. These derivative awards are compensation-related, not open-market purchases or sales, and track the value of the company’s common stock.
What are the Dividend Equivalent Rights granted to the EIG director?
Dividend Equivalent Rights are derivative awards that accrue on vested restricted stock units and mirror the economic value of a share of common stock. For Sorenson, each right is the economic equivalent of one Employers Holdings, Inc. share and becomes exercisable proportionately with the related RSUs.
How many Dividend Equivalent Rights does the EIG director hold after this Form 4?
After this grant, director Steven P. Sorenson holds 61 Dividend Equivalent Rights directly. These are tied to previously granted restricted stock units for which delivery has been voluntarily deferred, and they are designed to match the economics of Employers Holdings, Inc. common stock dividends.
Are the Employers Holdings (EIG) Dividend Equivalent Rights an open-market stock purchase?
No. The 21 Dividend Equivalent Rights reported for Steven P. Sorenson are a grant/award related to compensation, not an open-market stock purchase. They accrued automatically on vested restricted stock units rather than through discretionary buying in the market.
When do the EIG director’s Dividend Equivalent Rights become exercisable?
The Dividend Equivalent Rights become exercisable proportionately with the vested restricted stock units to which they relate. Sorenson has voluntarily deferred delivery of those RSUs until six months after his termination of service on the board, so the rights track that same schedule.
What economic exposure does the EIG director receive from these Dividend Equivalent Rights?
Each Dividend Equivalent Right is the economic equivalent of one share of Employers Holdings, Inc. common stock. This means Sorenson’s 61 rights collectively mirror the economic value and dividend-related benefits of 61 common shares, aligned with his deferred restricted stock units.