Mutschink John M. 4

What Happened
John M. Mutschink, EVP and Chief Administrative Officer of Employers Holdings, received 4,179 shares as an award on 2026-02-23 (transaction code A, acquisition at $0.00). To satisfy tax withholding on the award, 1,185 of those shares were disposed (transaction code F) at $39.21 per share, totaling $46,464. Net of the withholding, Mutschink received 2,994 shares.

Key Details

• Transaction date: 2026-02-23. Awarded 4,179 shares at $0.00; 1,185 shares withheld/disposed at $39.21 ($46,464 withheld).
• Net new shares to insider: 4,179 − 1,185 = 2,994 shares.
• Shares owned after the transaction: not reported in the Form 4 provided.
• Footnote/transaction codes: A = award/grant (acquisition); F = payment of exercise price or tax liability (shares withheld to cover taxes).
• Filing: Form 4 filed 2026-02-24 for a 2026-02-23 transaction — filed within the typical two-business-day window.

Context
This was an equity award with shares withheld to satisfy tax obligations (a common administrative step), not an open-market sale. Tax-withholding disposals are routine and do not necessarily indicate the insider’s view on the company’s stock.