Safety Insurance Group Inc (SAFT) stake trimmed by Plymouth Rock affiliates
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAFETY INSURANCE GROUP INC major shareholder affiliates of The Plymouth Rock Company Incorporated and SRB Corporation reported an open-market sale of 34,272 shares of common stock at $76.0368 per share on 2026-07-13.
After this transaction, entities within the Plymouth Rock/PSIA structure report indirectly holding 1,757,733 shares of Safety Insurance Group Inc common stock in aggregate, while SRB and PRC each expressly disclaim beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 34,272 shares ($2,605,933)
Net Sell
1 txn
Insider
SRB CORP, Plymouth Rock Co Inc
Role
10% Owner | 10% Owner
Sold
34,272 shs ($2.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 34,272 | $76.0368 | $2.61M |
Holdings After Transaction:
Common Stock — 1,757,733 shares (Indirect, See)
Footnotes (1)
- This Form 4 is being jointly filed by SRB Corporation, a Massachusetts corporation ("SRB"), and The Plymouth Rock Company Incorporated, a Massachusetts corporation("PRC"), and each shall be deemed a Reporting Person. SRB is a direct, wholly-owned subsidiary of PRC and acts as investment manager to PRC and, in such capacity, may be deemed to have voting and dispositive power over the shares of Common Stock reported on this Form 4. SRB disclaims beneficial ownership of the shares of Common Stock reported on this Form 4, and this report shall not be deemed an admission that SRB is a beneficial owner of such shares for purposes of Section 16 or for any other purpose.(Continued in Footnote 2) The Reporting Persons are making this single joint filing because they may be deemed a "group" within the meaning of Section 13(d)(3) of the Securities Act of 1934, as amended. This joint filing shall not, however, be deemed an affirmation that a group exists among the Reporting Persons for the purposes of the Securities Exchange Act of 1934 or for any other purpose and each Reporting Person expressly disclaims beneficial ownership of any securities beneficially owned by any other person. PRC holds 4,120 of the shares of Common Stock reported on this Form 4. The following subsidiaries of PRC hold in the aggregate 757,680 shares of the Common Stock reported on this Form 4: Plymouth Rock Security Corporation, a Massachusetts security corporation ("PRSC"); Plymouth Rock Assurance Corporation, a Massachusetts corporation ("PRAC"); Plymouth Rock Assurance Preferred Corporation, a New York corporation ("PRAPC"); Plymouth Rock Assurance Corporation of New York, a New York corporation ("PRACNY"); Pilgrim Insurance Company, a Massachusetts corporation ("Pilgrim"); Plymouth Rock Home Assurance Corporation, a Massachusetts corporation ("PRHAC"); Bunker Hill Insurance Casualty Company, a Massachusetts corporation ("BHICC"); Bunker Hill Preferred Insurance Company, a Massachusetts corporation ("BHPREFIC"); Bunker Hill Property Insurance Company, a Massachusetts corporation ("BHPIC"); (Continued in Footnote 4) and Bunker Hill Insurance Company, a Massachusetts corporation ("BHIC"). PRSC, PRAC, and PRHAC are direct wholly-owned subsidiaries of PRC. PRAPC and PRACNY are direct wholly-owned subsidiaries of PRAC. Pilgrim is a direct wholly-owned subsidiary of SRB. BHICC, BHPREFIC, BHPIC, and BHIC are direct wholly-owned subsidiaries of PRHAC. Palisades Safety and Insurance Association, a New Jersey reciprocal insurance exchange ("PSIA"), is managed by a subsidiary of PRC. PSIA and the following subsidiaries of PSIA hold in the aggregate 995,933 shares of the Common Stock reported on this Form 4: High Point Safety and Insurance Company, a New Jersey corporation ("HPSIC"); High Point Property and Casualty Insurance Company, a New Jersey corporation ("HPPCIC"); High Point Preferred Insurance Company, a New Jersey corporation ("HPPIC"); Palisades Insurance Company, a New Jersey corporation ("PICNJ"); (Continued in Footnote 5) Twin Lights Insurance Company, a New Jersey corporation ("TLIC"); and Teachers Auto Insurance Company of New Jersey, a New Jersey corporation ("TAIC"). HPSIC, HPPIC, TLIC, and TAIC are direct wholly-owned subsidiaries of HPPCIC, which is a direct wholly-owned subsidiary of PSIA, as is PICNJ. PRC disclaims beneficial ownership of the shares of Common Stock reported on this Form 4 except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that PRC is a beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares sold: 34,272 shares
Sale price per share: $76.0368
Post-transaction holdings: 1,757,733 shares
+3 more
6 metrics
Shares sold
34,272 shares
Open-market sale of Safety Insurance Group Inc common stock on 2026-07-13
Sale price per share
$76.0368
Price per share for the 34,272 SAFT shares sold
Post-transaction holdings
1,757,733 shares
Indirect aggregate holdings reported after the sale by Plymouth Rock/PSIA-related entities
PRC direct holdings
4,120 shares
Shares of Safety Insurance Group Inc held directly by The Plymouth Rock Company Incorporated
PRC subsidiaries aggregate
757,680 shares
Aggregate SAFT shares held by specified subsidiaries of PRC
PSIA group aggregate
995,933 shares
Aggregate SAFT shares held by Palisades Safety and Insurance Association and its subsidiaries
Key Terms
beneficial ownership, pecuniary interest, dispositive power, reciprocal insurance exchange, +1 more
5 terms
beneficial ownership regulatory
"SRB disclaims beneficial ownership of the shares of Common Stock reported"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest regulatory
"PRC disclaims beneficial ownership of the shares ... except to the extent of its pecuniary interest"
dispositive power regulatory
"may be deemed to have voting and dispositive power over the shares of Common Stock"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
reciprocal insurance exchange financial
"Palisades Safety and Insurance Association, a New Jersey reciprocal insurance exchange"
Section 13(d)(3) regulatory
"may be deemed a "group" within the meaning of Section 13(d)(3)"
FAQ
What insider transaction in SAFT stock did Plymouth Rock affiliates report?
Affiliates of The Plymouth Rock Company Incorporated reported an open-market sale of 34,272 shares of Safety Insurance Group Inc (SAFT) common stock at $76.0368 per share, executed on 2026-07-13 and reported as an indirect transaction.
Who are the reporting persons in the SAFT Form 4 filing?
The Form 4 for Safety Insurance Group Inc (SAFT) is jointly filed by SRB Corporation and The Plymouth Rock Company Incorporated, each listed as a 10% owner, with SRB acting as investment manager to PRC regarding the reported shares.
Why is the SAFT Form 4 filed jointly by SRB Corporation and Plymouth Rock?
SRB and Plymouth Rock made a single joint filing for Safety Insurance Group Inc (SAFT) because they may be deemed a “group” under Section 13(d)(3), while expressly stating the filing does not affirm that such a group exists for other purposes.