Perez-Tenessa Alejandro 4

What Happened

• Alejandro Perez‑Tenessa, a director of Employers Holdings, Inc. (EIG), received an award of 58 dividend‑equivalent rights (DERs) on March 18, 2026. The reported transaction shows 58 shares acquired at $0.00 (derivative award), yielding no cash purchase or sale.
• This was not a market purchase or sale but a compensation‑related derivative grant tied to previously issued restricted stock units (RSUs).

Key Details

• Transaction date: 2026‑03‑18; Form 4 filed: 2026‑03‑20 (timely filing).
• Reported amount: 58 DERs at $0.00 per unit (derivative grant).
• Shares owned after transaction: not specified in the filing.
• Footnote: The DERs represent accrued dividend equivalent rights on vested RSUs the director voluntarily deferred; each DER is the economic equivalent of one common share and becomes exercisable proportionately with the related RSUs.
• Transaction code: A (award/grant/other acquisition); not a purchase (P) or sale (S).

Context

• DERs are compensation‑related and reflect deferred economic value tied to prior RSU awards; they do not represent an open‑market buy or sell. Such grants are typically routine and tied to director compensation and vesting rules rather than an immediate signal about the director’s view of the stock.