Selective Insurance (SIGI) director awarded 1,767 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mills Stephen reported acquisition or exercise transactions in this Form 4 filing.
Selective Insurance Group director Stephen Mills received a compensation award of 1,767 restricted stock units (RSUs) of Common Stock. The RSUs were granted at no cash cost and are scheduled to vest on May 1, 2027, meaning he must remain eligible until that date to receive the shares.
After this award, Mills holds a total of 8,311.1324 shares of Common Stock, including 28.47920 dividend equivalent units, which are economically equal to the company’s common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mills Stephen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,311.132 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
RSUs granted: 1,767 restricted stock units
Vesting date: May 1, 2027
Total holdings after award: 8,311.1324 shares
+2 more
5 metrics
RSUs granted
1,767 restricted stock units
Grant of Common Stock units to director Stephen Mills
Vesting date
May 1, 2027
Scheduled vesting date for 1,767 restricted stock units
Total holdings after award
8,311.1324 shares
Common Stock reported held following the RSU grant
Dividend equivalent units
28.47920 units
Economically equivalent to Selective Insurance Group common shares
Grant price per share
$0.0000 per share
Indicates compensation award with no cash paid by director
Key Terms
restricted stock units, dividend equivalent units, Common Stock
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."
Common Stock financial
"Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Stephen Mills report in this Form 4 for SIGI?
Stephen Mills reported receiving 1,767 restricted stock units of Selective Insurance Group Common Stock as a compensation award. These RSUs were granted at no cash cost and increase his total reported holdings to 8,311.1324 shares, including associated dividend equivalent units.
When do Stephen Mills’s 1,767 SIGI restricted stock units vest?
The 1,767 restricted stock units granted to Stephen Mills are scheduled to vest on May 1, 2027. Vesting means the units convert into shares if the applicable service or other conditions are met, aligning his compensation with Selective Insurance Group’s longer-term performance.
What are dividend equivalent units in the SIGI Form 4 filing?
Dividend equivalent units are bookkeeping entries that mirror dividends on unvested units. In this filing, 28.47920 dividend equivalent units are credited to Stephen Mills, each economically equivalent to one share of Selective Insurance Group Common Stock, enhancing the value of his equity-based compensation.
Is the SIGI Form 4 transaction an open-market stock purchase or sale?
The transaction is not an open-market purchase or sale; it is a grant of 1,767 restricted stock units as compensation. The Form 4 shows a transaction code A, indicating an award or other acquisition, with a price per share of $0.0000, reflecting no cash payment.