Selective Insurance (NASDAQ: SIGI) director granted 1,767 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nicholson Cynthia S reported acquisition or exercise transactions in this Form 4 filing.

Selective Insurance Group director Cynthia S. Nicholson received an equity grant in the form of restricted stock units. The Form 4 shows an award of 1,767 restricted stock units of common stock on May 1, 2026, classified as a grant or award rather than a market purchase. These units were granted at no cash cost per share.

The award will vest on May 1, 2027, meaning Nicholson will generally receive the underlying shares at that time if vesting conditions are met. After this grant, Nicholson directly holds a total of 21,137.0749 common shares, which includes 28.47920 dividend equivalent units that track the value of Selective Insurance Group common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nicholson Cynthia S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,767	$0.00	--

Holdings After Transaction: Common Stock — 21,137.075 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

RSU grant size: 1,767 units Grant price: $0.0000 per share Total holdings after grant: 21,137.0749 shares +2 more

5 metrics

RSU grant size 1,767 units Restricted stock units awarded on May 1, 2026

Grant price $0.0000 per share Reported transaction price per restricted stock unit

Total holdings after grant 21,137.0749 shares Common stock directly held following the transaction

Dividend equivalent units 28.47920 units Economic equivalent of common shares included in holdings

Vesting date May 1, 2027 Scheduled vesting date for 1,767 restricted stock units

Key Terms

restricted stock units, dividend equivalent units, economic equivalent, Form 4

4 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."

economic equivalent financial

"Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock."

Form 4 regulatory

"The Form 4 shows an award of 1,767 restricted stock units of common stock on May 1, 2026"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 04:04 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nicholson Cynthia S

(Last)

(First)

(Middle)

40 WANTAGE AVENUE

(Street)

BRANCHVILLE

NEW JERSEY

07890

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SELECTIVE INSURANCE GROUP INC [ SIGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		A		1,767⁽¹⁾	A	$0.0000	21,137.0749⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The award of 1,767 restricted stock units will vest on May 1, 2027.

2. Includes 28.47920 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock.

	/s/ Cynthia S. Nicholson	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SIGI director Cynthia Nicholson report on this Form 4?

Cynthia S. Nicholson reported receiving 1,767 restricted stock units of Selective Insurance Group common stock as an equity award. The grant is coded as a non-derivative acquisition, not an open-market share purchase or sale.

When do Cynthia Nicholson’s 1,767 SIGI restricted stock units vest?

The 1,767 restricted stock units granted to Cynthia S. Nicholson are scheduled to vest on May 1, 2027. Vesting generally means she will receive the underlying shares at that time, assuming all vesting conditions are satisfied.

How many SIGI shares does Cynthia Nicholson hold after this Form 4 transaction?

Following the reported grant, Cynthia S. Nicholson directly holds 21,137.0749 shares of Selective Insurance Group common stock. This total includes both previously held shares and the new restricted stock units reflected in the filing.

What are the dividend equivalent units mentioned in Cynthia Nicholson’s SIGI filing?

The filing notes 28.47920 dividend equivalent units included in Nicholson’s holdings. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group common stock, tracking its value alongside regular dividends.

Did Cynthia Nicholson pay cash for the 1,767 SIGI restricted stock units?

No, the restricted stock units were granted at a reported price of $0.0000 per share. This indicates a compensation-related equity award rather than an open-market purchase requiring cash payment.