Murphy George 4

What Happened

• George Murphy, President & CEO (and director) of Safety Insurance Group, received two equity awards on Feb 25, 2026 totaling 13,577 shares (6,309 and 7,268 shares; granted at $0.00 as awards).
• Over Feb 24–Mar 2, 2026 Murphy disposed/surrendered a total of 2,550 shares in multiple transactions to satisfy tax liabilities and/or option exercise obligations, producing roughly $196,609 in reported value. An additional 6,051-share disposition reported at $0.00 appears to reflect a net adjustment related to performance shares (see footnotes).

Key Details

• Awarded: 13,577 shares (2 grants) on 2026-02-25; grant price $0.00 (restricted/performance stock).
• Disposed/surrendered for tax/exercise (payment of tax liability/exercise price):
  • 2026-02-24: 768 shares @ $76.95 = $59,098
  • 2026-02-24: 163 shares @ $77.43 = $12,621
  • 2026-02-27: 839 shares @ $77.43 = $64,964
  • 2026-03-02: 68 shares @ $76.18 = $5,180
  • 2026-03-02: 712 shares @ $76.89 = $54,746
  • Total surrendered/sold for taxes/exercise: 2,550 shares; proceeds ≈ $196,609.
• Other reported disposition: 6,051 shares on 2026-02-25 reported at $0.00 (see footnotes).
• Notable footnotes from the filing:
  • Performance-share adjustments from a 3‑year 2023 grant were approved by the Compensation Committee on Feb 25, 2026 (final earned amount reported).
  • Restricted stock awards effective Feb 25, 2026 vest over three years (30% / 30% / 40%) subject to continued employment.
  • Other awards are performance-based over a 2026–2028 performance period; differences between granted and earned shares will be reported at period end.
  • Several disposals/deliveries were for tax withholding; some sales were executed pursuant to a Rule 10b5‑1 plan and/or as same‑day open‑market sales (weighted average price ranges reported in footnotes).
• Shares owned following the transactions: not specified in the data provided.
• Filing: Form 4 filed with accession 0001340675-26-000001 on 2026-03-03 reporting transactions dated Feb 24–Mar 2, 2026. (Form 4s are normally required within two business days of a transaction—investors may note the filing date relative to transaction dates.)

Context

• These transactions are primarily award grants (A) and share deliveries/sales to satisfy tax liabilities (F). Award grants are not cash purchases and typically represent compensation; the disposed shares largely reflect tax withholding or net settlement rather than a discretionary market sale that signals a view on the stock.
• The filing includes performance-based awards whose final payout depends on multi-year targets; any shortfall or adjustment is reconciled at the end of the performance period (as noted in the footnotes).
• For retail investors, grants increase insider exposure (subject to vesting/performance), while the share surrenders here appear routine tax-related actions rather than open-market selling for cash management.