United Fire Group Inc (UFCS) CFO has RSU tax-withholding of 1,089 shares
Rhea-AI Filing Summary
United Fire Group Inc’s Chief Financial Officer Eric J Martin reported a tax-related share disposition. On the RSU vesting date, 1,089 shares of common stock were withheld at $38.53 per share to cover tax liabilities, classified as a tax-withholding disposition rather than an open-market sale. After this transaction, Martin directly owned 34,066 shares of United Fire Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,089 shares
Net Sell
1 txn
Insider
Martin Eric J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,089 | $38.53 | $42K |
Holdings After Transaction:
Common Stock — 34,066 shares (Direct)
Footnotes (1)
- F1. Represents payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").
FAQ
What did United Fire Group (UFCS) disclose in this Form 4 for Eric J Martin?
United Fire Group reported that CFO Eric J Martin had 1,089 shares of common stock withheld to cover taxes upon RSU vesting. This was a tax-withholding disposition, not an open-market trade, and reflects routine equity compensation administration.
Is Eric J Martin’s Form 4 transaction a stock sale in the open market?
No, the transaction is not an open-market sale. The Form 4 describes a tax-withholding disposition, where shares are withheld by the company to pay tax liabilities when restricted stock units vest, a common feature of equity compensation plans.
What does transaction code "F" mean in the United Fire Group (UFCS) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, United Fire Group withheld 1,089 shares from CFO Eric J Martin upon RSU vesting to satisfy his related tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.