United Fire Group (UFCS) officer reports tax-related share disposition

Rhea-AI Filing Summary

United Fire Group Inc. Chief Legal Officer Sarah E. Madsen reported a tax-related share disposition tied to restricted stock units. On the vesting of RSUs, 660 shares of common stock were withheld at $38.53 per share to cover tax liabilities, leaving her with 13,683 directly held shares.

Insider Trade Summary

Net Seller: 660 shares

Net Sell 1 txn

Insider Madsen Sarah E

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	660	$38.53	$25K

Holdings After Transaction: Common Stock — 13,683 shares (Direct)

Footnotes (1)

1. F1. Represents payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").

FAQ

What insider transaction did UFCS Chief Legal Officer Sarah Madsen report?

Sarah Madsen reported a tax-related share disposition. 660 shares of United Fire Group common stock were withheld to satisfy tax liabilities upon vesting of restricted stock units, rather than being sold in an open-market transaction.

How many UFCS shares were withheld for taxes in Sarah Madsen’s Form 4?

The Form 4 shows 660 shares of United Fire Group common stock withheld. These shares were used to cover tax liabilities triggered when restricted stock units vested, a common administrative mechanism for equity compensation.

At what price were Sarah Madsen’s UFCS shares valued for the tax withholding?

The withheld shares were valued at $38.53 per share. This price is used solely to calculate the value of the 660 shares applied toward Sarah Madsen’s tax liability upon RSU vesting, not to indicate an open-market sale.

How many UFCS shares does Sarah Madsen hold after this tax withholding?

After the tax withholding transaction, Sarah Madsen directly holds 13,683 shares of United Fire Group common stock. This figure reflects her updated ownership following the RSU vesting and associated share withholding for taxes.

Was Sarah Madsen’s UFCS Form 4 a sale of shares on the open market?

The filing describes a tax-withholding disposition, not an open-market sale. Shares were withheld incident to restricted stock unit vesting to satisfy tax liabilities, as indicated by transaction code F and the accompanying footnote.

What does transaction code F indicate in the UFCS Form 4 filing?

Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this case, 660 United Fire Group shares were withheld from RSU vesting to cover taxes, rather than being sold independently on the market.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 01:42 PM Learn about SEC filing dates

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^*

Madsen Sarah E

(Last) (First) (Middle)

118 2ND AVE SE

(Street)

CEDAR RAPIDS IA 52402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED FIRE GROUP INC [ UFCS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/21/2026		F(1)		660	D	$38.53	13,683	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").

Remarks:

	Sarah E. Madsen	02/23/2026
	** 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.