Berry James 4
4 · SAFETY INSURANCE GROUP INC · Filed Feb 27, 2023
Insider Transaction Report
Form 4
Berry James
VP - Insurance Operations
Transactions
- Other
Common Stock
2023-02-22+516→ 26,458 total - Award
Common Stock
2023-02-22+1,809→ 28,267 total - Award
Common Stock
2023-02-22+2,118→ 30,385 total - Tax Payment
Common Stock
2023-02-24$79.51/sh−250$19,878→ 30,135 total - Sale
Common Stock
2023-02-24$79.51/sh−306$24,330→ 29,829 total
Footnotes (5)
- [F1]Represents the difference between performance shares, with a three year performance period, that were granted on February 26, 2020 and actual shares earned at the end of the performance period on December 31, 2022. Final shares were approved by the Compensation Committee on February 22, 2023.
- [F2]Represents restricted stock awards effective February 22, 2023, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 22, 2024, 30% on February 22, 2025, and the remaining 40% on February 22, 2026, provided the grantee meets certain employment conditions.
- [F3]Represents restricted stock awards granted effective February 22, 2023 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2023 and ending on December 31, 2025. Vesting of these shares is dependent upon the attainment of pre-established performance objectives, and any difference between shares granted and shares earned at the end of the performance period will be reported at the conclusion of the performance period in 2026.
- [F4]Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 29, 2022.
- [F5]Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.