Selective Insurance Group (SIGI) director awarded 1,767 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Selective Insurance Group Inc. director Ainar D. Aijala Jr. reported receiving a grant of 1,767 restricted stock units of common stock. The award will vest on May 1, 2027. Following this compensation-related acquisition, he holds a total of 11,065.1324 common shares, including 28.47920 dividend equivalent units, each economically equal to one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aijala Ainar D JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,065.132 shares (Direct, null)
Footnotes (1)
- The award of 1,767 restricted stock units will vest on May 1, 2027. Includes 28.47920 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock.
Key Figures
Restricted stock units granted: 1,767 units
Grant price per unit: $0.00 per share
Total shares after grant: 11,065.1324 shares
+2 more
5 metrics
Restricted stock units granted
1,767 units
Grant of common stock units on May 1, 2026
Grant price per unit
$0.00 per share
Compensation-related award, not open-market purchase
Total shares after grant
11,065.1324 shares
Direct holdings following the reported transaction
Dividend equivalent units
28.47920 units
Each unit economically equivalent to one SIGI share
Vesting date
May 1, 2027
Restricted stock units vest on this date
Key Terms
restricted stock units, dividend equivalent units, grant, award, or other acquisition
3 terms
restricted stock units financial
"The award of 1,767 restricted stock units 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 28.47920 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did SIGI director Ainar D. Aijala Jr. report?
Director Ainar D. Aijala Jr. reported receiving 1,767 restricted stock units of Selective Insurance Group common stock. This was a compensation-related grant at no purchase price, not an open-market share purchase or sale, and increased his directly held position in the company.
When do the newly granted SIGI restricted stock units vest?
The 1,767 restricted stock units granted to director Ainar D. Aijala Jr. will vest on May 1, 2027. Vesting means the units convert into common shares at that time, subject to any applicable service or other conditions attached to the award.
What are dividend equivalent units in the SIGI Form 4 filing?
Dividend equivalent units mirror the economic value of dividends on underlying shares. The filing notes 28.47920 dividend equivalent units, each economically equivalent to one share of Selective Insurance Group common stock, and they are included in the director’s reported direct holdings total.