Sorenson Steven P 4
4 · Employers Holdings, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Employers Holdings Director Steven P. Sorenson Receives Award of 21 DERs
What Happened
Steven P. Sorenson, a director of Employers Holdings, Inc., was credited with 21 dividend-equivalent rights (DERs) on March 18, 2026. The filing shows an acquisition-type transaction (code A) for 21 units at $0.00 — these are derivative rights, not a cash purchase or sale, so no cash changed hands.
Key Details
- Transaction date: 2026-03-18; filing date (Form 4): 2026-03-20. Filing appears timely.
- Transaction type/code: Award/Grant (A); 21 DERs acquired at $0.00.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnote: The DERs are dividend equivalents accrued on vested restricted stock units (RSUs) previously granted and are tied to deferred delivery of those RSUs. They become exercisable proportionately with the related RSUs and each DER is the economic equivalent of one share.
- No sale or exercise reported in this filing.
Context
DERs reflect compensation accounting for dividend equivalents on deferred RSUs and are common in director pay plans. Because these are derivative, deferred compensation rights (not open-market purchases or sales), they do not by themselves indicate a buy/sell signal from the insider. The DERs will be settled in connection with the underlying RSUs (not immediately convertible to shares except as described).
Insider Transaction Report
- Award
Dividend Equivalent Rights
[F1]2026-03-18+21→ 61 total→ Common Stock, par value $0.01 (21 underlying)
Footnotes (1)
- [F1]The dividend equivalent rights ("DERs") accrued on vested restricted stock units ("RSUs") previously granted to the reporting person where the reporting person has voluntarily deferred delivery of such RSUs until six months following termination of service on the board of directors. The DERs become exercisable proportionately with the RSUs to which they relate. Each DER is the economic equivalent of one share of common stock of Employers Holdings, Inc.