Gagliano Vincent J. 4

What Happened

Vincent J. Gagliano, EVP and Chief Risk Officer of Amerisafe (AMSF), had 1,133 restricted stock units (RSUs) vest on March 1, 2026. The RSUs converted one-for-one into 1,133 common shares. To satisfy tax withholding, 531 of those shares were withheld/disposed at $32.53 per share for a reported tax withholding value of $17,273, leaving a net delivery of 602 shares to Gagliano.

Key Details

• Transaction date: March 1, 2026 (Form 4 filed March 3, 2026). No late filing indicated in the submission.
• Conversion: 1,133 RSUs converted into 1,133 common shares (footnotes: RSUs convert 1:1; 1,133 RSUs fully vested on March 1, 2026).
• Tax withholding: 531 shares withheld/disposed at $32.53 per share = $17,273.
• Net shares received: 1,133 − 531 = 602 shares.
• Shares owned after the transaction: not disclosed in this filing.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = payment of tax liability via share withholding.

Context

This was a routine compensation event (RSU vesting) rather than an open-market purchase or a voluntary sale. The withholding of shares to cover taxes is common practice and does not necessarily indicate insider sentiment about the stock. Purchases by insiders tend to be more informative about confidence in the company than routine vesting events.