[Form 4] Employers Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Employers Holdings, Inc. reported an insider equity update for a board member on Form 4. On 11/26/2025, the reporting person acquired 98 dividend equivalent rights (DERs), which are derivative securities linked to previously granted restricted stock units (RSUs).

The DERs accrued on vested RSUs where delivery has been voluntarily deferred until six months after the director’s service on the board ends. Each DER is the economic equivalent of one share of Employers Holdings common stock with a stated price of $0. Following this transaction, the director beneficially owns 1,909 derivative securities on a direct basis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McColgan Michael J

(Last) (First) (Middle)

5340 KIETZKE LANE

SUITE 202

(Street)

RENO NV 89511

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Employers Holdings, Inc. [ EIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	11/26/2025		A		98		(1)	(1)	Common Stock, par value $0.01	98	$0	1,909	D

Explanation of Responses:

1. 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.

Remarks:

	/s/ Lori A. Brown, attorney in fact	11/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Employers Holdings (EIG) report on this Form 4?

The filing reports that a director of Employers Holdings, Inc. acquired 98 dividend equivalent rights (DERs) on 11/26/2025 tied to previously granted RSUs.

What are dividend equivalent rights (DERs) in the Employers Holdings (EIG) Form 4?

The filing states that each dividend equivalent right is the economic equivalent of one share of Employers Holdings common stock and is linked to vested restricted stock units.

How many derivative securities does the Employers Holdings (EIG) director hold after this transaction?

After acquiring the additional DERs, the director beneficially owns 1,909 derivative securities directly, according to the Form 4.

When will the RSUs and related DERs reported by Employers Holdings (EIG) be delivered?

The reporting person has voluntarily deferred delivery of the RSUs, and the related DERs become exercisable proportionately with those RSUs, which are scheduled for delivery six months after termination of service on the board of directors.

Was there a purchase price for the dividend equivalent rights reported by Employers Holdings (EIG)?

The Form 4 shows an exercise or conversion price of $0 for the 98 dividend equivalent rights acquired on 11/26/2025.

Does this Employers Holdings (EIG) Form 4 reflect common stock or derivative securities?

The filing reports derivative securities in the form of dividend equivalent rights, each tied to one share of Employers Holdings common stock.