Form 4: AMERISAFE INC Executive Receives Restricted Stock Units
SEC Form 4 Filing
Vincent J. Gagliano, EVP Chief Risk Officer of AMERISAFE INC, reports acquisition of restricted stock units.
Summary
- On March 1, 2024, Vincent J. Gagliano, the EVP Chief Risk Officer of AMERISAFE INC, acquired 1,372 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of AMERISAFE INC's common stock.
- The restricted stock units will fully vest on March 1, 2027.
- Following the transaction, Gagliano directly owns 2,505 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The grant of restricted stock units is generally viewed favorably as it aligns management's interests with shareholders.
Positives
- The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.
Industry Context
Executive compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- Shareholders may view the grant of restricted stock units positively as it incentivizes management to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Vincent J. Gagliano acquired 1,372 restricted stock units. |
| 03/01/2027 | Restricted stock units fully vest. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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