Smith Ann Marie 4

What Happened
Ann Marie Smith, Chief Actuarial and Underwriting Officer at Employers Holdings, sold 5,000 shares in an open-market transaction on March 9, 2026 for a weighted average price of $39.29, totaling about $196,450. On the same date she was granted 3,320 restricted stock units (RSUs) reported as an acquisition at $0.00 (a standard grant notation).

Key Details

• Transactions date: March 9, 2026 (Form 4 filed March 11, 2026 — appears timely).
• Sale: 5,000 shares sold, weighted average price $39.29, total proceeds ≈ $196,450. (Footnote F2: the reported price is a weighted average; shares were sold in multiple transactions.)
• Award: 3,320 RSUs granted (reported at $0.00). (Footnote F1: RSUs vest in four equal annual installments beginning March 15, 2027, subject to continued employment.)
• Shares owned after the transactions: not specified in the filing.
• No 10b5-1 plan, gift, tax-withholding, or exercise notation was reported in the filing.

Context
The filing shows a routine open-market sale combined with a new RSU grant. RSU grants are common long-term compensation; they do not require cash payment and vest over time (see F1). The sale proceeds are clearly reported (F2 notes multiple trades and a weighted average price), and the filer offers to provide per-trade price details upon request. This Form 4 does not provide any explicit rationale for the sale.