Harnett Anthony D. 4
Research Summary
AI-generated summary
Selective Insurance SVP Anthony Harnett Receives Award; 711 Shares Withheld
What Happened
- Anthony D. Harnett, Senior Vice President and Chief Accounting Officer of Selective Insurance Group, Inc. (SIGI), was credited with 1,775 shares on 2026-02-06 as an award/acquisition (reported at $0.00 per share). To cover the tax liability on that award, 711 shares were withheld/disposed at $90.10 each, generating $64,061.
- Net implied shares retained from the award: 1,064 shares (1,775 awarded − 711 withheld). This is a compensation-related grant/vesting event rather than an open-market purchase.
Key Details
- Transaction dates: 2026-02-06 (award and tax withholding); Form 4 filed 2026-02-10 (timely filing).
- Awarded: 1,775 shares @ $0.00 (code A — grant/acquisition).
- Tax withholding: 711 shares @ $90.10 = $64,061 (code F — payment of tax liability).
- Footnote: The 711-share withholding includes 80 dividend equivalent units (each DEU equals the economic equivalent of one share).
- Shares owned after transaction: not reported in the provided excerpt; implied net increase of 1,064 shares from this event.
- Filing status: Timely (filed within the insider reporting window).
Context
- Code A indicates a grant/acquisition (commonly RSU vesting or restricted stock); code F denotes shares were surrendered/withheld to satisfy tax obligations — a routine, non-market sale to cover taxes.
- These transactions reflect compensation mechanics and do not necessarily indicate insider sentiment about the stock.