Safety Insurance (SAFT) VP reports stock grants and tax share disposals
Rhea-AI Filing Summary
SAFETY INSURANCE GROUP INC executive Paul J. Narciso, VP – Claims, reported several equity-related transactions in company common stock. On February 25, 2026, he acquired a total of 4,628 shares through stock grants and awards, and separately recorded a 2,420-share adjustment classified as another acquisition or disposition.
Between February 24 and March 2, 2026, he disposed of 905 shares through tax-withholding transactions, where shares were delivered to cover tax liabilities upon vesting of prior awards. After these movements, his directly held common stock balance was reported between 36,626 and 40,592 shares at different points in the sequence of transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Narciso Paul J
Role
VP - CLAIMS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 23 | $76.19 | $2K |
| Tax Withholding | Common Stock | 243 | $76.89 | $19K |
| Tax Withholding | Common Stock | 89 | $76.79 | $7K |
| Tax Withholding | Common Stock | 178 | $77.49 | $14K |
| Other | Common Stock | 2,420 | $0.00 | -- |
| Grant/Award | Common Stock | 2,151 | $0.00 | -- |
| Grant/Award | Common Stock | 2,477 | $0.00 | -- |
| Tax Withholding | Common Stock | 333 | $77.00 | $26K |
| Tax Withholding | Common Stock | 39 | $77.46 | $3K |
Holdings After Transaction:
Common Stock — 40,592 shares (Direct)
Footnotes (1)
- Represents the difference between performance shares, with a three year performance period, that were granted on February 22, 2023 and actual shares earned at the end of the performance period on December 31, 2025. Final shares were approved by the Compensation Committee on February 25, 2026. Represents restricted stock awards effective February 25, 2026, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 25, 2027, 30% on February 25, 2028, and the remaining 40% on February 25, 2029, provided the grantee meets certain employment conditions. Represents restricted stock awards granted effective February 25, 2026 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2026 and ending on December 31, 2028. Vesting of these shares is dependent upon the attainment of pre-established performance objectives, and any difference between shares granted and shares earned at the end of the performance period will be reported at the conclusion of the performance period in 2029. Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3. Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 29, 2025. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.38 to $77.38 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.39 to $77.51 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.10 to $77.09 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.20 to $77.73 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $75.50 to $76.22 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.53 to $77.17 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SAFT executive Paul J. Narciso report in this Form 4 filing?
Paul J. Narciso reported a mix of stock grants and tax-related share dispositions in Safety Insurance Group common stock. The filing shows equity awards increasing his holdings and share deliveries used to satisfy tax liabilities tied to vesting of earlier performance and restricted stock awards.
What does the Form 4 say about Paul J. Narciso’s remaining SAFT holdings?
After the reported transactions, Narciso’s directly held Safety Insurance common stock position is shown at several points, including 36,626 shares and later 40,592 shares. These figures reflect his evolving balance as grants, vesting-related adjustments, and tax-withholding dispositions were recorded over the reported dates.
What is the nature of the equity awards reported for SAFT’s Paul J. Narciso?
The filing describes performance shares and restricted stock awards granted or earned effective February 25, 2026. Some awards vest over three years based on service conditions, while others depend on achieving pre-established performance objectives over multi-year performance periods, with final earned amounts determined at period end.