Employers Holdings (NYSE: EIG) director awarded dividend equivalent rights

Rhea-AI Filing Summary

Perez-Tenessa Alejandro reported acquisition or exercise transactions in this Form 4 filing.

Employers Holdings, Inc. director Alejandro Perez-Tenessa reported a compensation-related award of 58 Dividend Equivalent Rights (DERs) linked to previously granted restricted stock units. The award has a price of $0.00 per right and brings his total DER holdings to 351.

The footnote explains that these DERs accrue on vested RSUs for which delivery has been voluntarily deferred until six months after Perez-Tenessa leaves the board. Each DER is the economic equivalent of one share of Employers Holdings common stock and becomes exercisable proportionately with the related RSUs.

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^*

Perez-Tenessa Alejandro

(Last) (First) (Middle)

5340 KIETZKE LANE

SUITE 202

(Street)

RENO NEVADA 89511

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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

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

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

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)	03/18/2026		A		58		(1)	(1)	Common Stock, par value $0.01	58	$0	351	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/ Lindsay Holt, attorney in fact	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Employers Holdings (EIG) report for Alejandro Perez-Tenessa?

Employers Holdings reported that director Alejandro Perez-Tenessa received 58 Dividend Equivalent Rights as a grant. These rights are tied to previously granted restricted stock units and represent additional compensation linked to Employers Holdings common stock performance over time.

What are Dividend Equivalent Rights in the Employers Holdings (EIG) Form 4?

The Dividend Equivalent Rights are instruments economically equivalent to one share of Employers Holdings common stock each. They accrue on vested restricted stock units and become exercisable proportionately with those units, reflecting dividend-like value without immediate share delivery or cash payment on grant.

How many Dividend Equivalent Rights does Alejandro Perez-Tenessa hold after this Employers Holdings (EIG) grant?

After the reported grant, Alejandro Perez-Tenessa holds a total of 351 Dividend Equivalent Rights. This total reflects the new 58-right award added to his existing balance, illustrating the cumulative value of prior RSU-related accruals tied to Employers Holdings common stock.

Did Alejandro Perez-Tenessa buy or sell Employers Holdings (EIG) shares in this Form 4?

The Form 4 does not show any open-market buying or selling of Employers Holdings shares. It records only a grant of 58 Dividend Equivalent Rights, a form of equity-linked compensation associated with previously awarded restricted stock units rather than a cash trade.

When can Alejandro Perez-Tenessa receive Employers Holdings (EIG) shares tied to these RSU-related rights?

The RSUs linked to these Dividend Equivalent Rights will be delivered six months after Perez-Tenessa’s termination of service on the board. The DERs become exercisable proportionately with those RSUs, aligning their value with the timing of the underlying equity settlement.