George Murphy - Feb 27, 2024 Form 4 Insider Report for SAFETY INSURANCE GROUP INC (SAFT)

Role
PRESIDENT AND CEO, Director
Signature
/s/ George M. Murphy
Stock symbol
SAFT
Transactions as of
Feb 27, 2024
Transactions value $
-$290,002
Form type
4
Date filed
3/4/2024, 08:29 PM
Previous filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFT Common Stock Other $0 -2.81K -2.8% $0.00 97.7K Feb 27, 2024 Direct F1
transaction SAFT Common Stock Award $0 +5.78K +5.92% $0.00 104K Feb 27, 2024 Direct F2
transaction SAFT Common Stock Award $0 +6.72K +6.49% $0.00 110K Feb 27, 2024 Direct F3
transaction SAFT Common Stock Tax liability -$167K -2.08K -1.88% $80.37 108K Mar 1, 2024 Direct F4
transaction SAFT Common Stock Tax liability -$123K -1.53K -1.41% $80.44 107K Mar 4, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the difference between performance shares, with a three year performance period, that were granted on February 24, 2021 and actual shares earned at the end of the performance period on December 31, 2023. Final shares were approved by the Compensation Committee on February 27, 2024.
F2 Represents restricted stock awards effective February 27, 2024, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 27, 2025, 30% on February 27, 2026, and the remaining 40% on February 27, 2027, provided the grantee meets certain employment conditions.
F3 Represents restricted stock awards granted effective February 27, 2024 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2024 and ending on December 31, 2026. 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 2027.
F4 Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.