John P. Drago - 27 Feb 2024 Form 4 Insider Report for SAFETY INSURANCE GROUP INC (SAFT)

Signature
/s/ John P. Drago
Issuer symbol
SAFT
Transactions as of
27 Feb 2024
Net transactions value
-$115,292
Form type
4
Filing time
04 Mar 2024, 20:31:41 UTC
Previous filing
02 Mar 2023
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFT Common Stock Other $0 -1,142 -4.4% $0.000000 24,745 27 Feb 2024 Direct F1
transaction SAFT Common Stock Award $0 +2,103 +8.5% $0.000000 26,848 27 Feb 2024 Direct F2
transaction SAFT Common Stock Award $0 +2,442 +9.1% $0.000000 29,290 27 Feb 2024 Direct F3
transaction SAFT Common Stock Tax liability $67,672 -842 -2.9% $80.37 28,448 01 Mar 2024 Direct F4
transaction SAFT Common Stock Tax liability $47,620 -592 -2.1% $80.44 27,856 04 Mar 2024 Direct F4
* 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 24, 2021 and actual shares earned at the end of the performance period on December 31, 2023. Final shares were approved by the Compensation Committee on February 27, 2024.
F2 Represents restricted stock awards effective February 27, 2024, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 27, 2025, 30% on February 27, 2026, and the remaining 40% on February 27, 2027, provided the grantee meets certain employment conditions.
F3 Represents restricted stock awards granted effective February 27, 2024 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2024 and ending on December 31, 2026. 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 2027.
F4 Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.