Selective Insurance (SIGI) EVP logs stock sale and 1,100-share gift
Rhea-AI Filing Summary
Selective Insurance Group executive Michael H. Lanza, EVP and General Counsel, reported two Common Stock transactions on July 28, 2026: a bona fide gift of 1,100 shares and an open-market sale of 17,100 shares at a weighted-average price of $94.0442 per share (range $93.85-94.26). These trades were not designated under a Rule 10b5-1 plan.
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Insights
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Insider Trade Summary
Net Seller: 18,200 shares
Net Sell
2 txns
Insider
Lanza Michael H
Role
EVP and General Counsel
Sold
17,100 shs ($1.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,100 | $0.00 | $0.00 |
| Sale | Common Stock F1 | 17,100 | $94.0442 | $1.61M |
Holdings After Transaction:
Common Stock — 16,564.5275 shares (Direct)
Footnotes (1)
- F1. Represents the weighted average sale price. The highest price at which shares were sold was $94.26 and the lowest price at which shares were sold was $93.85. The reporting person hereby undertakes to provide upon request to the SEC's staff, the issuer or its security holders, full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 17,100 shares
Weighted-average sale price: $94.0442 per share
Shares gifted: 1,100 shares
+2 more
5 metrics
Shares sold
17,100 shares
Common Stock sale by Michael H. Lanza on July 28, 2026
Weighted-average sale price
$94.0442 per share
Common Stock sale on July 28, 2026; price range $93.85-94.26
Shares gifted
1,100 shares
Bona fide gift of Common Stock on July 28, 2026
Sale price high
$94.26 per share
Highest price received in July 28, 2026 sale transactions
Sale price low
$93.85 per share
Lowest price received in July 28, 2026 sale transactions
Key Terms
bona fide gift, weighted average sale price, open market or private transaction
3 terms
bona fide gift financial
"The transaction code G is described as a bona fide gift of Common Stock."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average sale price financial
"Represents the weighted average sale price, with highest and lowest prices disclosed."
open market or private transaction financial
"The sale is described as a sale in open market or private transaction."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Selective Insurance (SIGI) disclose for Michael H. Lanza?
Selective Insurance reported that EVP and General Counsel Michael H. Lanza made two Common Stock transactions on July 28, 2026: a bona fide gift of 1,100 shares and an open-market sale of 17,100 shares at a weighted-average price of $94.0442 per share.
Were Michael H. Lanza’s July 28, 2026 SIGI stock transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed, so these July 28, 2026 transactions were not designated as being executed under a pre-arranged Rule 10b5-1 trading plan for Selective Insurance stock.