United Fire Group (UFCS) CFO uses 1,069 shares to cover RSU taxes
Rhea-AI Filing Summary
United Fire Group Inc. Chief Financial Officer Eric J. Martin reported a routine tax-related share disposition. On the vesting of restricted stock units, 1,069 shares of common stock were withheld at $36.40 per share to cover tax liabilities, rather than being sold in the open market.
After this withholding, Martin directly holds 33,686 shares of United Fire Group common stock. This type of Form 4 transaction reflects automatic tax withholding on equity compensation, not a discretionary buy or sell decision about the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,069 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 | 1,069 | $36.40 | $39K |
Holdings After Transaction:
Common Stock — 33,686 shares (Direct)
Footnotes (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 CFO Eric J. Martin report?
United Fire Group (UFCS) CFO Eric J. Martin reported a tax-related share disposition. When his restricted stock units vested, 1,069 common shares were withheld to pay taxes, leaving him with 33,686 directly held shares after the transaction.
Was the UFCS CFO’s Form 4 a stock sale on the open market?
No, the UFCS CFO’s Form 4 did not report an open-market stock sale. The filing shows an F-code transaction, meaning 1,069 shares were withheld by the company to satisfy tax liability from restricted stock unit vesting.
What does transaction code F mean in the UFCS CFO’s Form 4 filing?
Transaction code F indicates payment of tax liability by delivering or withholding securities. In this UFCS filing, 1,069 shares were withheld when restricted stock units vested, covering Eric J. Martin’s taxes rather than representing a voluntary sale into the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.