Glenn R. Hiltpold - 23 Feb 2022 Form 4 Insider Report for SAFETY INSURANCE GROUP INC (SAFT)

Role
VP of Actuarial Services
Signature
/s/Glenn R. Hiltpold
Issuer symbol
SAFT
Transactions as of
23 Feb 2022
Net transactions value
-$28,710
Form type
4
Filing time
28 Feb 2022, 12:42:41 UTC
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFT Common Stock Tax liability $2,727 -32 -0.53% $85.21 6,052 23 Feb 2022 Direct F1, F2
transaction SAFT Common Stock Award $0 +1,324 +22% $0.000000 7,376 23 Feb 2022 Direct F3
transaction SAFT Common Stock Award $0 +1,516 +21% $0.000000 8,892 23 Feb 2022 Direct F4
transaction SAFT Common Stock Other $0 +74 +0.83% $0.000000 8,966 23 Feb 2022 Direct F5
transaction SAFT Common Stock Tax liability $13,728 -176 -2% $78.00 8,790 24 Feb 2022 Direct F1, F2
transaction SAFT Common Stock Tax liability $12,255 -147 -1.7% $83.37 8,643 25 Feb 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 17, 2021.
F2 Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.
F3 Represents restricted stock awards effective February 23, 2022, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 23, 2023, 30% on February 23, 2024, and the remaining 40% on February 23, 2025, provided the grantee meets certain employment conditions.
F4 Represents restricted stock awards granted effective February 23, 2022 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2022 and ending on December 31, 2024. 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 2025.
F5 Represents the difference between performance shares, with a three year performance period, that were granted on February 26, 2019 and actual shares earned at the end of the performance period on December 31, 2021. Final shares were approved by the Compensation Committee on February 23, 2022.