George Murphy - 25 Feb 2025 Form 4 Insider Report for SAFETY INSURANCE GROUP INC (SAFT)

Signature
/s/ George M. Murphy
Issuer symbol
SAFT
Transactions as of
25 Feb 2025
Net transactions value
-$251,648
Form type
4
Filing time
04 Mar 2025, 13:35:47 UTC
Previous filing
04 Mar 2024
Next filing
23 Dec 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAFT Common Stock Other $0 -3,429 -3.2% $0.000000 103,188 25 Feb 2025 Direct F1
transaction SAFT Common Stock Award $0 +6,213 +6% $0.000000 109,401 25 Feb 2025 Direct F2
transaction SAFT Common Stock Award $0 +7,282 +6.7% $0.000000 116,683 25 Feb 2025 Direct F3
transaction SAFT Common Stock Tax liability $542 -7 -0.01% $77.48 116,676 25 Feb 2025 Direct F4, F5
transaction SAFT Common Stock Tax liability $28,643 -364 -0.31% $78.69 116,312 25 Feb 2025 Direct F4, F5, F6
transaction SAFT Common Stock Tax liability $94,101 -1,185 -1% $79.41 115,127 25 Feb 2025 Direct F4, F5, F7
transaction SAFT Common Stock Tax liability $7,519 -100 -0.09% $75.19 115,027 27 Feb 2025 Direct F4, F5
transaction SAFT Common Stock Tax liability $61,606 -812 -0.71% $75.87 114,215 27 Feb 2025 Direct F4, F5, F8
transaction SAFT Common Stock Tax liability $22,318 -296 -0.26% $75.40 113,919 28 Feb 2025 Direct F4, F5, F9
transaction SAFT Common Stock Tax liability $36,918 -485 -0.43% $76.12 113,434 28 Feb 2025 Direct F4, F5, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the difference between performance shares, with a three year performance period, that were granted on February 23, 2022 and actual shares earned at the end of the performance period on December 31, 2024. Final shares were approved by the Compensation Committee on February 25, 2025.
F2 Represents restricted stock awards effective February 25, 2025, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 25, 2026, 30% on February 25, 2027, and the remaining 40% on February 25, 2028, provided the grantee meets certain employment conditions.
F3 Represents restricted stock awards granted effective February 25, 2025 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2025 and ending on December 31, 2027. 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 2028.
F4 Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2024.
F5 Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.
F6 Represents the weighted average sale price of multiple open market same day sales with prices ranging from $78.40 to $78.93 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
F7 Represents the weighted average sale price of multiple open market same day sales with prices ranging from $79.08 to $80.00 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
F8 Represents the weighted average sale price of multiple open market same day sales with prices ranging from $75.30 to $76.28 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
F9 Represents the weighted average sale price of multiple open market same day sales with prices ranging from $75.29 to $75.64 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.
F10 Represents the weighted average sale price of multiple open market same day sales with prices ranging from $75.65 to $76.65 per share. Full information regarding the number of shares sold at each separate price will be provided to the Securities and Exchange Commission or a security holder of the issuer upon request.