Employers Holdings Director Accrues 89 Dividend Equivalents; Form 4 Filed

Rhea-AI Filing Summary

Michael J. McColgan, a director of Employers Holdings, Inc. (EIG), reported a change in beneficial ownership dated 08/27/2025. The filing shows 89 dividend equivalent rights (DERs) accrued on vested restricted stock units (RSUs) where delivery of the underlying RSUs has been voluntarily deferred until six months after McColgan leaves the board. Each DER represents the economic equivalent of one share. After this transaction the reporting person beneficially owns 1,811 shares of common stock directly. The DERs become exercisable in proportion with the related RSUs.

Insights

Corporate Governance Expert

TL;DR: Routine disclosure of accrued dividend equivalents on deferred RSUs by a director; no new cash purchase or sale reported.

The Form 4 documents an accrual of 89 DERs tied to previously granted RSUs for Director Michael J. McColgan, reflecting a change in reported economic rights rather than an open-market transaction. The filing clarifies that the director voluntarily deferred delivery of RSUs until six months after board service ends, and the DERs vest proportionately with those RSUs. This is a standard reporting event under Section 16 and does not indicate any transfer of shares or exercise of options.

Securities Analyst

TL;DR: Small, non-cash accrual of 89 share equivalents increases disclosed beneficial ownership to 1,811 shares; immaterial to market valuation.

The entry shows 89 DERs added, each equivalent to one share, resulting in a direct beneficial ownership total of 1,811 shares for the reporting director. There is no price or cash consideration reported and no derivative exercises or expirations disclosed. From an investor-impact perspective, the change is administrative and tied to deferred compensation mechanics rather than a signal of buying or selling activity.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
08/27/2025

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)	08/27/2025		A		89		(1)	(1)	Common Stock, par value $0.01	89	$0	1,811	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	08/28/2025
	** 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 did Michael J. McColgan report on the Form 4 for EIG?

The Form 4 reports an accrual of 89 dividend equivalent rights (DERs) on vested RSUs and shows a direct beneficial ownership of 1,811 shares following the transaction.

When was the transaction dated on the EIG Form 4?

The reported transaction date is 08/27/2025, and the Form 4 was signed on 08/28/2025 by an attorney in fact.

What are the dividend equivalent rights (DERs) described in the filing?

The DERs are described as the economic equivalent of one share of common stock each and accrued on vested RSUs where delivery of the RSUs was voluntarily deferred.

When will the deferred RSUs be delivered according to the filing?

The reporting person voluntarily deferred delivery of the RSUs until six months following termination of service on the board of directors.

Does the Form 4 show any open-market purchase or sale by the director?

No. The filing reports an accrual of DERs tied to deferred RSUs; it does not show any cash purchase, sale, or option exercise.