Selective Insurance Group (SIGI) grants 3,047 shares to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cavanaugh Terrence W reported acquisition or exercise transactions in this Form 4 filing.
Selective Insurance Group director Terrence W. Cavanaugh received an equity grant. On this Form 4, he was awarded 3,047 shares of Selective Insurance Group, Inc. common stock at no cash cost as a compensation-related grant or award.
The holding total after this grant is 28,364.2057 common shares held directly. The position includes 1,767 restricted stock units that will vest on May 1, 2027, and 22.27670 dividend equivalent units, each economically equal to one common share. This filing reflects an equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cavanaugh Terrence W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,047 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,364.206 shares (Direct, null)
Footnotes (1)
- Includes the award of 1,767 restricted stock units that will vest on May 1, 2027. Includes 22.27670 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock.
Key Figures
Equity grant size: 3,047 shares
Grant price per share: $0.0000 per share
Shares held after grant: 28,364.2057 shares
+2 more
5 metrics
Equity grant size
3,047 shares
Common Stock grant to director on May 1, 2026
Grant price per share
$0.0000 per share
Compensation-related award, not open-market purchase
Shares held after grant
28,364.2057 shares
Total direct holdings following the reported transaction
Restricted stock units
1,767 RSUs
Units that will vest on May 1, 2027
Dividend equivalent units
22.27670 units
Each economically equal to one common share
Key Terms
restricted stock units, dividend equivalent units, economic equivalent, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Includes the award of 1,767 restricted stock units that will vest on May 1, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"Includes 22.27670 dividend equivalent units."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did SIGI director Terrence Cavanaugh report?
SIGI director Terrence W. Cavanaugh reported receiving 3,047 shares of common stock as a compensation-related equity grant. The award was recorded at zero cash cost, indicating it is a grant or award rather than an open-market purchase of Selective Insurance shares.
What restricted stock units were included in Terrence Cavanaugh’s SIGI award?
The reported position includes 1,767 restricted stock units that will vest on May 1, 2027. These units represent a right to receive Selective Insurance Group common shares in the future, subject to vesting conditions typically tied to continued service or similar requirements.
What are dividend equivalent units in the SIGI Form 4 filing?
The filing notes 22.27670 dividend equivalent units, each economically equal to one Selective Insurance Group common share. These units generally accrue on outstanding equity awards to mirror cash dividends, providing holders with dividend-linked value without immediately issuing additional common shares.
Was the SIGI insider transaction an open-market stock purchase?
The transaction was not an open-market stock purchase. It is coded as a grant, award, or other acquisition, with a reported price of $0.0000 per share, indicating compensation-related equity issuance to director Terrence W. Cavanaugh rather than buying shares in the public market.