United Fire Group (UFCS) HR chief has RSU taxes paid via share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
United Fire Group Inc. Chief Human Resources Officer Steven Dennis Hernandez reported a tax-related share disposition tied to vesting of restricted stock units. The filing shows 2,858 shares of common stock were withheld at $36.87 per share to cover tax liability. After this non‑market transaction, he directly holds 20,464 common shares. The footnote clarifies this was payment of tax liability by withholding shares on RSU vesting, rather than an open‑market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hernandez Steven Dennis
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,858 | $36.87 | $105K |
Holdings After Transaction:
Common Stock — 20,464 shares (Direct)
Footnotes (1)
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FAQ
What did United Fire Group (UFCS) executive Steven Hernandez report on this Form 4?
Steven Hernandez reported a tax-related share disposition. The company withheld 2,858 United Fire Group common shares at $36.87 each to settle tax liability when restricted stock units vested, rather than Hernandez selling shares on the open market.
Was this United Fire Group (UFCS) Form 4 an open-market sale by Steven Hernandez?
No, it was not an open-market sale. The Form 4 describes a tax-withholding disposition where 2,858 shares were withheld by United Fire Group when restricted stock units vested, to satisfy tax liability, rather than Hernandez choosing to sell shares in the market.
What does transaction code "F" mean in the United Fire Group (UFCS) Form 4?
Transaction code “F” indicates a tax-withholding disposition. In this United Fire Group filing, it shows shares were withheld by the issuer to pay tax liability tied to restricted stock unit vesting, rather than a voluntary share sale by the reporting person.
What role does Steven Hernandez hold at United Fire Group (UFCS) in this Form 4?
Steven Hernandez is identified as Chief Human Resources Officer. The Form 4 reports his equity-related tax-withholding event, where United Fire Group withheld common shares upon restricted stock unit vesting to satisfy his associated tax obligations instead of requiring separate cash payment.