McColgan Michael J 4

What Happened

• Michael J. McColgan, a director of Employers Holdings, Inc. (EIG), received an award of 100 derivative shares (reported as a grant/acquisition, code A) on March 18, 2026. The transaction is reported at $0.00 per share (no cash paid) and is a derivative award rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Security: 100 derivative shares (dividend-equivalent rights, "DERs"); transaction reported at $0.00 per share.
• Shares owned after transaction: not specified in the filing excerpt.
• Footnote: The DERs represent dividend-equivalent rights that accrued on vested restricted stock units (RSUs) previously granted to McColgan. He voluntarily deferred delivery of those RSUs until six months after termination of board service; the DERs become exercisable proportionately with the related RSUs. Each DER is the economic equivalent of one common share.
• Transaction type: Award/grant (code A); not a sale, open-market purchase, or option exercise.

Context

• This is a derivative award tied to previously granted RSUs and does not reflect an open-market buy or sale. Such deferred delivery arrangements and dividend-equivalent rights are commonly used in board compensation and do not, by themselves, indicate trading intent.