Form 4: Employers Holdings EVP, CFO Michael Paquette Reports Stock Disposal
SEC Form 4 Filing
Michael Scott Paquette, EVP and CFO of Employers Holdings, Inc., reported the disposal of 1,942 shares of common stock to cover tax obligations.
Summary
- On March 15, 2024, Michael Scott Paquette, the EVP and Chief Financial Officer of Employers Holdings, Inc. (EIG), reported a transaction involving the disposal of 1,942 shares of common stock.
- The shares were disposed of at a price of $44.36 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Paquette directly owns 34,035 shares and indirectly owns 58,439 shares through The Michael Scott Paquette Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment, as it's a factual report of an insider transaction.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a sale of shares by the CFO, which is not uncommon for covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock disposal transaction. |
| 03/18/2024 | Date of signature on the report. |
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