UFCS legal chief reports stock award, tax withholding

UNITED FIRE GROUP INC Chief Legal Officer Sarah E. Madsen reported equity compensation and related tax withholding in company stock.

Rhea-AI Filing Summary

UNITED FIRE GROUP INC Chief Legal Officer Sarah E. Madsen reported equity compensation and related tax withholding in company stock. On February 24, 2026, she received a grant of 1,343 shares of common stock at $37.72 per share and had 551 shares withheld to cover taxes on restricted stock unit vesting and 381 shares withheld for taxes on performance stock unit vesting. Following these transactions, she directly owned 14,094 common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Madsen Sarah E

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	551	$37.72	$21K
Grant/Award	Common Stock	1,343	$37.72	$51K
Exercise Price or Tax Liability	Common Stock	381	$37.72	$14K

Holdings After Transaction: Common Stock — 14,094 shares (Direct)

Footnotes (3)

1. F1. Represents payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").
2. F2. PSU award vesting
3. F3. Represents payment of tax liability by withholding shares incident to the vesting of performance stock units ("PSU").

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did UFCS Chief Legal Officer Sarah E. Madsen report?

Sarah E. Madsen reported a stock award and related tax withholding transactions. She received 1,343 shares of UNITED FIRE GROUP INC common stock and had 932 shares withheld to satisfy tax liabilities tied to RSU and PSU vesting, leaving her with 14,094 shares.

Did the UFCS Form 4 show Sarah E. Madsen buying or selling shares on the market?

The Form 4 did not show open market buys or sells. It reported a grant of 1,343 shares and two tax-withholding dispositions totaling 932 shares, triggered by vesting of restricted and performance stock units, all at a reference price of $37.72 per share.

How many UFCS shares does Sarah E. Madsen hold after these Form 4 transactions?

After the reported grant and tax-withholding dispositions, Sarah E. Madsen directly holds 14,094 shares of UNITED FIRE GROUP INC common stock. This balance reflects the 1,343-share award and the withholding of 551 RSU-related shares and 381 PSU-related shares for tax payments.

What does the tax-withholding disposition on the UFCS Form 4 mean for shareholders?

The tax-withholding disposition reflects shares withheld to pay taxes on vested stock awards, not an open market sale. UFCS used 551 RSU-related shares and 381 PSU-related shares to satisfy tax liabilities, a common administrative mechanism for equity compensation programs.

What types of equity awards were involved in the UFCS Form 4 filing for Sarah E. Madsen?

The filing involved restricted stock units and performance stock units. Footnotes state that 551 shares were withheld for tax on RSU vesting and 381 shares for tax on PSU vesting, while 1,343 shares were reported as a grant or award acquisition of common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/25/2026 - 05:48 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)
02/24/2026

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	02/24/2026		F(1)		551	D	$37.72	13,132	D
Common Stock	02/24/2026		A(2)		1,343	A	$37.72	14,475	D
Common Stock	02/24/2026		F(3)		381	D	$37.72	14,094	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").

2. PSU award vesting

3. Represents payment of tax liability by withholding shares incident to the vesting of performance stock units ("PSU").

Remarks:

	Sarah E. Madsen	02/25/2026
	** 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.
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