Hernandez Steven Dennis 4
Research Summary
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United Fire Group (UFCS) CHRO Steven Hernandez Withholds 2,858 Shares
What Happened Steven Hernandez, Chief Human Resources Officer of United Fire Group (UFCS), had 2,858 restricted stock unit (RSU) shares withheld to cover tax obligations tied to vesting. The shares were valued at $36.87 each, for a total disposition of approximately $105,374. This was a tax-withholding transaction (code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-15; filing date: 2026-03-16.
- Shares withheld/disposed: 2,858 at $36.87 per share — total ~$105,374.
- Transaction code: F (payment of tax liability by withholding shares). Footnote: F1 confirms these shares were withheld to satisfy tax withholding on RSU vesting.
- Shares owned after transaction: not specified in the provided filing details.
- Filing timeliness: reported the next day; no indication in the filing of a late report.
Context Withholding shares to cover taxes on vested RSUs is a routine administrative action and generally does not indicate an executive's view on the company's stock price. This is a disposition for tax purposes rather than a cash sale intended as investment activity.