McConnell Mary Frances 4
4 · SAFETY INSURANCE GROUP INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
SAFT VP Mary Frances McConnell Receives 3,703 Awards; Sells Shares for Taxes
What Happened
- Mary Frances McConnell, VP of Underwriting at Safety Insurance Group (SAFT), was granted a total of 3,703 shares (1,721 and 1,982) effective Feb 25, 2026 and had multiple small share dispositions to satisfy tax obligations.
- Tax-withholding/share-delivery transactions totaled ~433 shares delivered between Feb 24 and Mar 2, 2026, producing roughly $33,381 in value (individual disposals ranged from ~$619 to ~$14,780). An additional 275-share disposition was reported at $0 (administrative adjustment).
- This is primarily an awards/grant event (restricted and performance shares) with routine tax-related share transfers—not a market-timed purchase signal.
Key Details
- Transaction dates: grants effective Feb 25, 2026; tax/withholding deliveries on Feb 24, Feb 25, Feb 27, Mar 2, 2026. Report filed Mar 3, 2026.
- Prices/values: tax-related disposals show weighted average sale price ranges noted in the filing (roughly $75.50–$77.90 across reported same-day sales); total cash value from the tax-related disposals ≈ $33,381.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: final performance-share adjustments from a 3-year 2023 grant (performance period ended 12/31/2025; Compensation Committee approved final shares 2/25/2026).
- F2/F3: some grants are restricted stock awards with time-vesting and/or 3-year performance vesting through 12/31/2028.
- F4: securities delivered to satisfy tax withholding on vesting.
- F5–F10: filing notes use of weighted-average prices for same-day open market sales and references to a possible Rule 10b5‑1 plan for certain sales (details available on request).
- Filing timeliness: Form 4 was filed 2026-03-03; the filing does not indicate a late filing in the provided data.
Context
- These transactions are mainly awards (A) and tax-withholding dispositions (F). The grants include time-vested restricted stock and performance-based awards; vesting and any future earned/differential shares depend on continued employment and performance targets.
- Shares surrendered for taxes (or delivered) are routine administrative steps and don’t necessarily indicate the insider’s view of the stock’s near-term prospects.
- For retail investors: awards increase insider exposure over time only if vested shares remain; tax-related dispositions are common and usually not seen as a negative signal.
Insider Transaction Report
Form 4
McConnell Mary Frances
VP of Underwriting
Transactions
- Other
Common Stock
[F1]2026-02-25−275→ 6,201 total - Award
Common Stock
[F2]2026-02-25+1,721→ 7,922 total - Award
Common Stock
[F3]2026-02-25+1,982→ 9,904 total - Tax Payment
Common Stock
[F4][F5][F6]2026-02-24$76.94/sh−37$2,847→ 9,867 total - Tax Payment
Common Stock
[F4][F5][F7]2026-02-24$77.42/sh−8$619→ 9,859 total - Tax Payment
Common Stock
[F4][F5][F8]2026-02-27$77.38/sh−191$14,780→ 9,668 total - Tax Payment
Common Stock
[F4][F5][F9]2026-03-02$76.17/sh−14$1,066→ 9,654 total - Tax Payment
Common Stock
[F4][F5][F10]2026-03-02$76.88/sh−183$14,069→ 9,471 total
Footnotes (10)
- [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 $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 25, 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 $77.54 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 $77.07 to $77.90 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 $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.
Signature
/s/ Mary F. McConnell|2026-03-03