Form 4: Safety Insurance Group VP James Berry Reports Stock Transactions
SEC Filing
James Berry, VP of Underwriting at Safety Insurance Group, reports the acquisition and disposal of company stock related to performance shares and tax liabilities.
Summary
- James Berry, VP of Underwriting at Safety Insurance Group, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 27, 2024, Berry acquired 1,231 shares related to performance shares granted on February 24, 2021, with the final amount approved by the Compensation Committee.
- On March 1, 2024, Berry disposed of 865 shares at $80.37 to cover tax liabilities related to vesting securities.
- On March 4, 2024, Berry disposed of 638 shares at $80.44, also for tax liabilities.
- Following these transactions, Berry directly owns 22,785 shares of Safety Insurance Group stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2021 | Date of original grant of performance shares. |
| 12/31/2023 | End of the three year performance period for performance shares. |
| 02/27/2024 | Date of acquisition of 1,231 shares related to performance shares. |
| 03/01/2024 | Date of disposal of 865 shares at $80.37 for tax liabilities. |
| 03/04/2024 | Date of disposal of 638 shares at $80.44 for tax liabilities. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.