Form 4: AMERISAFE INC: Executive G. Janelle Frost Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
G. Janelle Frost, President & CEO of AMERISAFE INC, reports the acquisition of 4,792 restricted stock units on March 1, 2024, vesting fully on March 1, 2027.
Summary
- On March 5, 2024, a Form 4 filing was submitted to the SEC by Kathryn H. Shirley, attorney-in-fact for G. Janelle Frost, President & CEO of AMERISAFE INC.
- The filing reports a transaction on March 1, 2024, where G. Janelle Frost acquired 4,792 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of AMERISAFE INC's common stock.
- These restricted stock units will fully vest on March 1, 2027.
- Following the reported transaction, G. Janelle Frost beneficially owns 9,193 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The acquisition of restricted stock units by the CEO aligns her interests with those of shareholders, potentially incentivizing her to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of 4,792 restricted stock units. |
| 03/01/2027 | Restricted stock units fully vest. |
| 03/05/2024 | Date of Form 4 filing. |
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