Selective Insurance Group (SIGI) director gets 1,767 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bacus Lisa R reported acquisition or exercise transactions in this Form 4 filing.
Selective Insurance Group director Lisa R. Bacus received a compensation award of 1,767 restricted stock units of Common Stock. The award was granted at no cash cost per share and will vest on May 1, 2027. Following this grant, her direct holdings total 8,552.1324 shares, which include 7.47140 dividend equivalent units that each represent the economic equivalent of one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bacus Lisa R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,552.132 shares (Direct, null)
Footnotes (1)
- The award of 1,767 restricted stock units will vest on May 1, 2027. Includes 7.47140 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock.
Key Figures
RSU award size: 1,767 restricted stock units
Grant price: $0.0000 per share
Vesting date: May 1, 2027
+2 more
5 metrics
RSU award size
1,767 restricted stock units
Granted to director Lisa R. Bacus on May 1, 2026
Grant price
$0.0000 per share
Indicates non-cash compensation award
Vesting date
May 1, 2027
Vesting date for 1,767 restricted stock units
Total holdings after grant
8,552.1324 shares
Direct Common Stock holdings following the transaction
Dividend equivalent units
7.47140 units
Each unit economically equals one common share
Key Terms
restricted stock units, dividend equivalent units, economic equivalent
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 7.47140 dividend equivalent units."
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group, Inc. common stock."
FAQ
What did Selective Insurance Group (SIGI) director Lisa R. Bacus receive in this Form 4?
Lisa R. Bacus received an award of 1,767 restricted stock units of Selective Insurance Group Common Stock. These units were granted as a non-cash award and increase her direct holdings, as reported in this Form 4 filing.
When do Lisa R. Bacus’s 1,767 restricted stock units in SIGI vest?
The 1,767 restricted stock units awarded to Lisa R. Bacus will vest on May 1, 2027. Vesting means the units become fully earned on that date, subject to any terms and conditions in the underlying grant arrangement.
What are the dividend equivalent units mentioned in the SIGI Form 4 for Lisa R. Bacus?
The filing notes that her holdings include 7.47140 dividend equivalent units. Each dividend equivalent unit is the economic equivalent of one share of Selective Insurance Group common stock, typically tracking the value and dividend rights of an actual share.
Was cash paid for the 1,767 SIGI restricted stock units granted to Lisa R. Bacus?
No cash was paid for these 1,767 restricted stock units, as the reported transaction price per share is 0.0000. This indicates the award was granted as part of a compensation arrangement rather than acquired in an open-market purchase.