Cavanaugh Terrence W 4

What Happened Terrence W. Cavanaugh, a director of Selective Insurance Group, Inc. (SIGI), was granted an award totaling 3,047 shares on May 1, 2026. The Form 4 shows an acquisition at $0.00 per share (award/grant code A). The filing notes that part of the award consists of restricted stock units and dividend equivalent units rather than an open‑market purchase.

Key Details

• Transaction date and type: May 1, 2026 — Award/Grant (code A) of 3,047 shares at $0.00 per share.
• Vesting/other notes: Includes 1,767 restricted stock units that vest on May 1, 2027 (F1) and 22.27670 dividend equivalent units (F2; each DEU is the economic equivalent of one share).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form filed May 4, 2026; appears timely (within the typical two business‑day Form 4 filing window).
• Economic effect: No purchase price paid — this is a compensation award, not an open‑market buy.

Context RSU awards and dividend equivalent units are common forms of director compensation. They represent future economic value (subject to vesting and plan terms) but are not the same as a director buying shares on the open market. This type of transaction is typically a compensation event and should be interpreted differently from an insider purchase or sale.