Narciso Paul J 4
4 · SAFETY INSURANCE GROUP INC · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Narciso Paul J
VP - CLAIMS
Transactions
- Award
Common Stock
2024-02-27+2,290→ 39,182 total - Tax Payment
Common Stock
2024-03-01$80.37/sh−1,010$81,174→ 38,172 total - Tax Payment
Common Stock
2024-03-04$80.44/sh−710$57,112→ 37,462 total - Other
Common Stock
2024-02-27−1,406→ 34,921 total - Award
Common Stock
2024-02-27+1,971→ 36,892 total
Footnotes (4)
- [F1]Represents the difference between performance shares, with a three year performance period, that were granted on February 24, 2021 and actual shares earned at the end of the performance period on December 31, 2023. Final shares were approved by the Compensation Committee on February 27, 2024.
- [F2]Represents restricted stock awards effective February 27, 2024, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 27, 2025, 30% on February 27, 2026, and the remaining 40% on February 27, 2027, provided the grantee meets certain employment conditions.
- [F3]Represents restricted stock awards granted effective February 27, 2024 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2024 and ending on December 31, 2026. Vesting of these shares is dependent upon the attainment of pre-established performance objectives, and any difference between shares granted and shares earned at the end of the performance period will be reported at the conclusion of the performance period in 2027.
- [F4]Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.