Whitford Christopher Thomas 4
4 · SAFETY INSURANCE GROUP INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Safety Insurance (SAFT) CFO Christopher Whitford Receives Awards, Sells Shares
What Happened
- Christopher Thomas Whitford, VP, CFO and Secretary of Safety Insurance Group, received two awards effective Feb 25, 2026: 2,581 restricted stock awards and 2,973 performance-based shares (total 5,554 shares).
- To satisfy tax withholding/liabilities tied to vesting, Whitford delivered/sold a total of 1,064 shares across several dates (Feb 24–Mar 2, 2026), generating roughly $81,980 in value. Specific cash-withholding sales/payments include 320 shares ($76.95 avg, $24,624), 68 shares ($77.43, $5,265), 117 shares ($76.78, $8,983), 243 shares ($77.49, $18,830), 27 shares ($76.19, $2,057) and 289 shares ($76.89, $22,221). There is also an "other disposition" of 2,269 shares recorded at $0.00 (see footnote).
Key Details
- Transaction dates and prices: awards effective Feb 25, 2026; tax-withholding/share-delivery or sales occurred Feb 24, Feb 25, Feb 27 and Mar 2, 2026. Reported sale/withholding prices ranged roughly $75.50–$77.73 per share (weighted averages and ranges are provided in filing footnotes).
- Shares acquired: 5,554 shares granted (2,581 restricted; 2,973 performance-based).
- Shares disposed/used for tax: 1,064 shares surrendered/sold, netting ~ $82k. Plus an entry of 2,269 shares shown as an other disposition at $0.00.
- Notable footnotes: F2 describes restricted awards vesting 30%/30%/40% over three years (Feb 25, 2027/2028/2029). F3 describes performance awards tied to a 3-year performance period (Jan 1, 2026–Dec 31, 2028); F1 explains a difference associated with earlier performance shares (granted Feb 22, 2023) that were finalized Feb 25, 2026. F4 indicates securities were delivered in payment of tax liability. Several footnotes provide weighted-average sale price ranges for same-day sales.
- Shares owned after transaction: not disclosed in the summary data provided — see the SEC filing for total holdings.
- Filing date and timing: Form filed Mar 3, 2026 and reports transactions from Feb 24–Mar 2, 2026. Form 4s are generally required within two business days of a reportable transaction; investors may review the SEC filing for any late-reporting designation.
Context
- These transactions are primarily award grants (restricted and performance shares) with associated tax-withholding actions. The delivery/sale of shares to cover tax obligations is a routine administrative action and does not by itself indicate a personal view on the stock.
- Performance shares have vesting tied to multi-year performance goals; the final number earned for the new performance award period will depend on achievement of those goals and may be adjusted at the end of the performance period.
Insider Transaction Report
Form 4
Whitford Christopher Thomas
VP, CFO AND SECRETARY
Transactions
- Other
Common Stock
[F1]2026-02-25−2,269→ 18,668 total - Award
Common Stock
[F2]2026-02-25+2,581→ 21,249 total - Award
Common Stock
[F3]2026-02-25+2,973→ 24,222 total - Tax Payment
Common Stock
[F4][F5][F6]2026-02-24$76.95/sh−320$24,624→ 23,902 total - Tax Payment
Common Stock
[F4][F5][F7]2026-02-24$77.43/sh−68$5,265→ 23,834 total - Tax Payment
Common Stock
[F4][F5][F8]2026-02-27$76.78/sh−117$8,983→ 23,717 total - Tax Payment
Common Stock
[F4][F5][F9]2026-02-27$77.49/sh−243$18,830→ 23,474 total - Tax Payment
Common Stock
[F4][F5][F10]2026-03-02$76.19/sh−27$2,057→ 23,447 total - Tax Payment
Common Stock
[F4][F5][F11]2026-03-02$76.89/sh−289$22,221→ 23,158 total
Footnotes (11)
- [F1]Represents the difference between performance shares, with a three year performance period, that were granted on February 22, 2023 and actual shares earned at the end of the performance period on December 31, 2025. Final shares were approved by the Compensation Committee on February 25, 2026.
- [F10]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $75.50 to $76.22 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- [F11]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.53 to $77.17 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- [F2]Represents restricted stock awards effective February 25, 2026, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 25, 2027, 30% on February 25, 2028, and the remaining 40% on February 25, 2029, provided the grantee meets certain employment conditions.
- [F3]Represents restricted stock awards granted effective February 25, 2026 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2026 and ending on December 31, 2028. 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 2029.
- [F4]Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.
- [F5]Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 24, 2025.
- [F6]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.28 to $77.23 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- [F7]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.32 to $77.59 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- [F8]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.10 to $77.09 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
- [F9]Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.20 to $77.73 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
Signature
/s/ Christopher T. Whitford|2026-03-03