Pedraja Michael 4

What Happened
Michael Pedraja, Chief Financial Officer of Employers Holdings, was granted 5,800 restricted stock units (RSUs) on March 9, 2026. The Form 4 reports the acquisition at $0.00, which is standard for RSU grants — this is a compensation award, not a cash purchase or sale.

Key Details

• Transaction date: March 9, 2026; Filing date: March 11, 2026 (timely filing).
• Type: Award/Grant (A); Amount: 5,800 RSUs; Reported price: $0.00.
• Shares owned after transaction: not specified in this filing.
• Footnote: RSUs vest in four equal annual installments beginning March 15, 2027, subject to continued employment (F1).
• No 10b5-1 plan, tax-withholding sale, or sale of shares was reported in connection with this grant.

Context
RSU grants are a common form of executive compensation and vest over time, so they do not reflect an immediate purchase or sale of stock. Because these units vest only if the executive remains employed (per the footnote), they are primarily a retention/compensation mechanism rather than a direct market signal.