Marchioni John J. 4

What Happened

• John J. Marchioni, President & CEO and Director of Selective Insurance Group, received an award of 21,686 shares on Feb 6, 2026 (reported on Form 4). To satisfy tax withholding, 9,452 of those shares were disposed at $90.10 per share, generating $851,625. The award included 980 dividend-equivalent units (see footnote).

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-10 (filed on-time under SEC two-business-day rule).
• Award (code A): 21,686 shares acquired at $0.00 (typical for restricted stock/RSU awards).
• Tax withholding (code F): 9,452 shares disposed at $90.10 each = $851,625 withheld to cover taxes.
• Footnote: Includes 980 dividend-equivalent units (each DEU equals one share economically).
• Shares owned after transaction: not disclosed in the filing.

Context

• This was primarily an equity award to the CEO, with a routine tax-withholding disposition of some awarded shares — not an open-market sale signaling a change in investment stance. The F code simply reflects shares surrendered to cover tax liabilities associated with the award.