McConnell Mary Frances 4

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.