Leidwinger Kevin James 4

What Happened

• Kevin Leidwinger, CEO and Director of United Fire Group (UFCS), had shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). On 2026-03-20 he had 3,925 shares withheld at $36.40 each ($142,870) and 1,309 shares withheld at $36.40 each ($47,648), a total of 5,234 shares for $190,518. These transactions are reported as tax withholding (code F), not discretionary open-market sales.

Key Details

• Transaction date: 2026-03-20
• Filing date: 2026-03-24
• Prices and amounts: 3,925 shares @ $36.40 = $142,870; 1,309 shares @ $36.40 = $47,648; total 5,234 shares ≈ $190,518
• Shares owned after transaction: not specified in the provided extract (check the full Form 4 for "Amount Beneficially Owned Following Reported Transaction")
• Footnotes:
  • F1: Shares withheld to pay tax liability upon RSU vesting.
  • F2: The shares relate to the vesting of an October 2024 LTIP award issued to correct Mr. Leidwinger’s 2024 LTIP percentage.
• Transaction code: F = tax withholding (withheld to cover taxes)
• Timeliness: Filing date is March 24, 2026 for a March 20, 2026 transaction. The excerpt provided does not flag a late-filing code; check the full SEC filing for any timeliness legend.

Context

• This was a tax-withholding event tied to RSU/LTIP vesting (a routine corporate action), not a discretionary sale or purchase intended to signal confidence. Tax-withholding commonly results in shares being retained/disposed to cover withholding obligations. For investors, purchases are generally more informative about insider sentiment than routine withholding transactions.