de Figueiredo Joao M 4

What Happened

• Joao M. de Figueiredo, a director of Employers Holdings, Inc. (EIG), was credited with 17 derivative units on March 18, 2026. The filing records this as an award/acquisition (code A) at $0.00 per unit — total reported cash value $0. These are dividend equivalent rights (DERs) tied to previously granted restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (filed within the typical two-business-day Form 4 window).
• Security/instrument: Dividend equivalent rights (DERs) that are economic equivalents of shares; 17 units acquired; reported price $0.00.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnote: F1 — DERs accrued on vested RSUs that the director has voluntarily deferred; DERs become exercisable proportionately with the underlying RSUs. Delivery of the deferred RSUs is scheduled for six months following termination of board service.
• Transaction code: A (award/grant/acquisition); derivative transaction.

Context

• These DERs represent economic exposure tied to previously granted RSUs rather than a fresh cash purchase or sale. They do not necessarily signal a buy or sell decision by the insider — they document the accrual/vesting mechanics and deferred delivery terms. Delivery of the underlying RSUs is deferred until six months after the director leaves the board, per the footnote.