Form 4: Employers Holdings Director McColgan Acquires Dividend Equivalent Rights

Michael J. McColgan, a director of Employers Holdings, Inc., acquired 71 dividend equivalent rights related to previously granted restricted stock units.

Summary

• On March 19, 2025, Michael J. McColgan, a director of Employers Holdings, Inc., acquired 71 dividend equivalent rights.
• These rights are associated with vested restricted stock units (RSUs) that McColgan has voluntarily deferred delivery of until six months after his board service ends.
• Each dividend equivalent right (DER) is economically equivalent to one share of Employers Holdings, Inc. common stock.
• Following the transaction, McColgan directly owns 1,643 dividend equivalent rights.
• McColgan also granted a Limited Power of Attorney to Lori A. Brown and Michael A. Pedraja to handle Section 16 reporting obligations related to Employers Holdings, Inc. securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the holdings of company directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding director compensation.

Key Dates

Keywords

dividend equivalent rights, restricted stock units, Form 4, Employers Holdings, McColgan, director, beneficial ownership, securities, power of attorney