Form 4: AMERISAFE Director Philip A. Garcia Receives Stock Grant

Director Philip A. Garcia acquired 2,340 shares of AMERISAFE, Inc. common stock as part of an equity compensation grant.

Summary

• Director Philip A. Garcia was granted 2,340 shares of common stock in AMERISAFE, Inc. (AMSF).
• The transaction occurred on June 10, 2026.
• The shares were acquired at a price of $0 per share, representing an equity award.
• Following this transaction, Mr. Garcia's total beneficial ownership increased to 27,243 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Increased alignment between the director and shareholder interests through additional equity ownership.

Negatives

• None identified.

Risks

• The shares are subject to transfer restrictions that will lapse at the time of the Issuer's 2027 annual meeting of shareholders.

Future Outlook

The shares are subject to restrictions that will lapse at the time of the Issuer's 2027 annual meeting of shareholders.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment with shareholder value in the insurance sector.

Comparison to Industry Standards

• The grant of restricted stock units or common stock to directors is a common practice among mid-cap financial services and insurance companies to incentivize board members.
• The vesting schedule tied to the annual meeting is consistent with standard industry practices for director compensation.

Stakeholder Impact

• Shareholders benefit from increased director equity alignment.

Next Steps

• The restrictions on the 2,340 shares will lapse at the 2027 annual meeting of shareholders.

Key Dates

Keywords

AMERISAFE, AMSF, Form 4, Insider Trading, Director Compensation, Equity Grant