Lanza Michael H 4

What Happened

• Michael H. Lanza, EVP and General Counsel of Selective Insurance Group, received an award of 4,260 shares (acquired at $0.00) on 2026-02-06. On the same date, 1,595 shares were surrendered/withheld to cover tax liability at a per-share value of $90.10, representing $143,710 in tax withholding. Net shares retained from the award = 4,260 − 1,595 = 2,665 shares.
• The filing shows the award included dividend equivalent units (see footnote). This was not an open-market sale but a typical tax-withholding event tied to an equity award.

Key Details

• Transaction date: 2026-02-06. Filing date (Form 4): 2026-02-10 (appears timely).
• Award: 4,260 shares acquired (code A) at $0.00.
• Withholding/tax payment: 1,595 shares disposed (code F) at $90.10 per share = $143,710.
• Footnote: Award includes 192 dividend equivalent units (each DEU is economically equivalent to one share).
• Shares owned after the reported transactions: not specified in the provided filing excerpt.

Context

• This was an equity award with shares withheld to satisfy tax obligations — a routine administrative action that does not necessarily indicate a change in insider sentiment. The "F" code denotes payment of a tax liability via share withholding rather than an open-market sale.
• Based on the $90.10 per-share value used for withholding, the 4,260 awarded shares imply an approximate market value around $383,826 and the net retained shares (2,665) an implied value near $240,116 (estimates derived from the withholding price).