Form 4: AMERISAFE EVP-Chief Risk Officer Reports Significant Stock Grant and Tax-Related Share Disposition

AMERISAFE's EVP-Chief Risk Officer, Vincent J. Gagliano, reported the acquisition of 5,561 shares of common stock as part of compensation and the subsequent disposition of 2,356 shares for tax withholding purposes on May 22, 2025.

Summary

• Vincent J. Gagliano, the Executive Vice President and Chief Risk Officer of AMERISAFE INC (AMSF), reported changes in his beneficial ownership of the company's common stock.
• On May 22, 2025, Mr. Gagliano acquired 5,561 shares of AMERISAFE common stock at a price of $0 per share. This type of acquisition typically represents a stock grant or the vesting of restricted stock units as part of executive compensation.
• Concurrently, on May 22, 2025, Mr. Gagliano disposed of 2,356 shares of AMERISAFE common stock at a price of $46.37 per share. This disposition was identified with transaction code 'F', indicating that these shares were withheld by the company to cover tax obligations associated with the stock acquisition.
• Following these reported transactions, Mr. Gagliano's direct beneficial ownership of AMERISAFE common stock stands at 27,237 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The executive received a substantial equity grant, which aligns their interests with shareholders. The subsequent sale was for tax purposes, a routine event that does not typically signal a lack of confidence in the company's future.

Positives

• The acquisition of 5,561 shares at a $0 price indicates an equity grant, which is a common form of executive compensation designed to align the executive's financial interests with those of the company's shareholders.
• The increase in the executive's overall beneficial ownership (5,561 shares acquired vs. 2,356 shares disposed) suggests continued commitment and a vested interest in the company's performance.

Negatives

• The disposition of 2,356 shares, even if for tax purposes, results in a reduction of the executive's direct shareholding, which could be perceived as a minor negative by some investors, although it is a routine event for equity compensation.

Risks

• No specific risks related to the company's operations or financial health were disclosed in this Form 4 filing, as it primarily reports insider stock transactions.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is specific to an insider transaction at AMERISAFE INC and does not provide information on broader industry trends or competitive landscape. Such filings are routine disclosures required for executives of publicly traded companies.

Stakeholder Impact

• Shareholders: The transaction indicates that a key executive's compensation includes equity, aligning their interests with shareholder value. The tax-related sale is a routine event and not typically a cause for concern.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

AMERISAFE, AMSF, Form 4, Insider Transaction, Stock Ownership, Executive Compensation, Vincent J. Gagliano, Chief Risk Officer, Equity Grant, Tax Withholding, Beneficial Ownership