John P. Drago - 22 Feb 2023 Form 4 Insider Report for SAFETY INSURANCE GROUP INC (SAFT)

Role
VP - MARKETING
Signature
/s/ John P. Drago
Issuer symbol
SAFT
Transactions as of
22 Feb 2023
Net transactions value
-$103,817
Form type
4
Filing time
27 Feb 2023, 12:53:06 UTC
Previous filing
02 Mar 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFT Common Stock Other $0 +419 +1.8% $0.000000 24,079 22 Feb 2023 Direct F1
transaction SAFT Common Stock Award $0 +1,680 +7% $0.000000 25,759 22 Feb 2023 Direct F2
transaction SAFT Common Stock Award $0 +1,967 +7.6% $0.000000 27,726 22 Feb 2023 Direct F3
transaction SAFT Common Stock Tax liability $85,371 -1,067 -3.8% $80.01 26,659 23 Feb 2023 Direct F4, F5
transaction SAFT Common Stock Tax liability $18,446 -232 -0.87% $79.51 26,427 24 Feb 2023 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the difference between performance shares, with a three year performance period, that were granted on February 26, 2020 and actual shares earned at the end of the performance period on December 31, 2022. Final shares were approved by the Compensation Committee on February 22, 2023.
F2 Represents restricted stock awards effective February 22, 2023, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 22, 2024, 30% on February 22, 2025, and the remaining 40% on February 22, 2026, provided the grantee meets certain employment conditions.
F3 Represents restricted stock awards granted effective February 22, 2023 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2023 and ending on December 31, 2025. 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 2026.
F4 Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 29, 2022.
F5 Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.