Madsen Sarah E 4

What Happened
Sarah E. Madsen, Chief Legal Officer of United Fire Group (UFCS), was granted 5,714 restricted stock units (RSUs) on February 20, 2026. The grant is reported at a per-share value of $38.53, for a total reported value of approximately $220,160. This is an equity compensation award (transaction code A), not an open-market purchase.

Key Details

• Transaction date: 2026-02-20; Report filed: 2026-02-24 (filed within the typical two-business-day Form 4 window).
• Grant size and value: 5,714 RSUs at $38.53 per share; total ≈ $220,160.
• Transaction type: A = Award/Grant (RSU LTIP).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: F1 — 2026 RSU LTIP grant vests in three equal installments, each on the annual anniversary of the grant date.
• No tax withholding, 10b5-1 plan, or late-filing flags were reported in the provided information.

Context
RSUs are compensation awards that convert to actual shares as they vest; this grant represents executive compensation rather than a market purchase or sale. Such grants are common for retention and incentive purposes and should not be interpreted alone as a personal bullish or bearish trading signal.