Employers Holdings (NYSE: EIG) director adds 57 dividend rights, now holds 293 DERs
Rhea-AI Filing Summary
Employers Holdings, Inc. director reported a small insider equity change involving dividend-linked awards. A Form 4 filing shows the accrual of 57 dividend equivalent rights (DERs) on previously granted restricted stock units (RSUs). Each DER is the economic equivalent of one share of Employers Holdings common stock and becomes exercisable in step with the related RSUs. The director has voluntarily deferred delivery of these RSUs until six months after ending service on the board, and now holds 293 derivative securities following this transaction.
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FAQ
What insider transaction did Employers Holdings (EIG) report in this Form 4?
The Form 4 reports that a director of Employers Holdings, Inc. accrued 57 dividend equivalent rights (DERs) on previously granted restricted stock units.
How many derivative securities does the Employers Holdings (EIG) director now beneficially own?
After the reported transaction, the director beneficially owns 293 derivative securities, which are described as dividend equivalent rights tied to Employers Holdings common stock.
What are dividend equivalent rights (DERs) in the context of Employers Holdings (EIG)?
For this director, each dividend equivalent right (DER) is the economic equivalent of one share of Employers Holdings common stock and accrues on vested restricted stock units.
How do the DERs relate to the director’s restricted stock units at Employers Holdings (EIG)?
The DERs accrue on vested restricted stock units (RSUs) for which the director has deferred delivery, and they become exercisable proportionately with the related RSUs.
When will the deferred RSUs referenced in the Employers Holdings (EIG) Form 4 be delivered?
The director has voluntarily deferred delivery of the RSUs until six months following termination of service on the board of directors.
Does this Employers Holdings (EIG) Form 4 indicate a purchase or sale of common stock?
The disclosure describes the accrual of 57 dividend equivalent rights tied to RSUs, rather than a direct open-market purchase or sale of Employers Holdings common stock.