Selective Insurance (SIGI) director granted 1,767 restricted stock units
Rhea-AI Filing Summary
Selective Insurance Group director Elizabeth Mitchell received an equity award in the form of 1,767 shares of common stock, reported as a grant or award acquisition with no cash price per share. After this grant, she holds a total of about 16,075.85 shares directly.
The award consists of restricted stock units that will vest on May 1, 2027, meaning the shares become fully hers on that date if conditions are met. Her holdings also include 28.4792 dividend equivalent units, each economically equal to one share of Selective Insurance Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,767 | $0.00 | -- |
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
Key Terms
restricted stock units financial
dividend equivalent units financial
grant, award, or other acquisition financial
FAQ
What did Elizabeth Mitchell report in this Form 4 for SIGI?
Elizabeth Mitchell reported receiving 1,767 shares of Selective Insurance Group common stock as a grant. This equity award increases her direct holdings to about 16,075.85 shares, reflecting routine director compensation rather than an open-market stock purchase or sale.
What are dividend equivalent units mentioned in the SIGI Form 4?
The filing notes 28.4792 dividend equivalent units tied to Elizabeth Mitchell’s award. Each dividend equivalent unit is economically equal to one share of Selective Insurance Group common stock, allowing her to receive value similar to dividends on the underlying shares.