Form 4: Safety Insurance Group Executive Ann McKeown Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ann Marie McKeown, V.P. of Insurance Operations at Safety Insurance Group, reports transactions involving common stock, including acquisition of shares and disposals to cover tax liabilities.
Summary
- Ann Marie McKeown, V.P. of Insurance Operations at Safety Insurance Group Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
- On February 27, 2024, McKeown acquired 1,055 shares related to performance shares granted in 2021 and approved by the Compensation Committee.
- On March 1, 2024, she disposed of 714 shares at $80.37 per share to cover tax liabilities related to vesting securities.
- On March 4, 2024, she disposed of another 504 shares at $80.44 per share for the same reason.
- Following these transactions, McKeown directly owns 22,269 shares of Safety Insurance Group Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 2021-02-24 | Date of original grant of performance shares with a three-year performance period. |
| 2023-12-31 | End of the three-year performance period for performance shares. |
| 2024-02-27 | Date the Compensation Committee approved the final shares earned from the performance shares; also the date of acquisition of 1,055 shares. |
| 2024-03-01 | Date of disposal of 714 shares at $80.37 per share for tax liabilities. |
| 2024-03-04 | Date of disposal of 504 shares at $80.44 per share for tax liabilities; also the date of the report filing. |
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