Safety Insurance Group (SAFT) CFO Whitford received 5,214 shares
Insider transactions reported
Christopher Thomas Whitford (VP, CFO and Secretary at Safety Insurance Group Inc., SAFT) reported that they received 5,214 shares, and gave up 1,482 shares at an average $77.53 to cover taxes or an exercise price, and disposed of 1,523 shares between Feb 25, 2025 and Feb 28, 2025. After these transactions the filing shows 20,937 shares held directly.
- Reporting person
- Whitford Christopher Thomas
- Role
- VP, CFO AND SECRETARY
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 25, 2025 | Other acquisition or disposition (J) | Common Stock1 | -1,523 | - | - | 17,205 direct |
| Feb 25, 2025 | Grant or award (A) | Common Stock2, 3 | +5,214 | - | - | 22,419 direct |
| Feb 25, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock4, 5, 6, ... | -715 | avg $79.35 | $56.7K | 21,704 direct |
| Feb 27, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock4, 5, 8 | -451 | $75.82 | $34.2K | 21,253 direct |
| Feb 28, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock4, 5, 9, ... | -316 | avg $75.87 | $24K | 20,937 direct |
Holdings before and after
- Common Stock: 18,728 to 20,937 direct
Footnotes from the filing
- 1. 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.
- 2. 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.
- 3. 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.
- 4. Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3.
- 5. Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2024.
- 6. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $78.32 to $78.73 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.
Transaction codes in this filing
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
- Other acquisition or disposition:
- Code J marks a transaction that fits no other code. The footnotes describe what happened.
FAQ
What did Whitford report in this SAFT Form 4?
Christopher Thomas Whitford (VP, CFO and Secretary at Safety Insurance Group Inc., SAFT) reported that they received 5,214 shares, and gave up 1,482 shares at an average $77.53 to cover taxes or an exercise price, and disposed of 1,523 shares between Feb 25, 2025 and Feb 28, 2025. After these transactions the filing shows 20,937 shares held directly.
How many SAFT shares does Whitford hold after this filing?
The filing shows 20,937 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code A mean on an SEC Form 4?
Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
Historical context for SAFT
Earlier insider filings at SAFT
- Mar 4, 2025VP - MARKETING Drago John Patrick disposed of 1,238 shares, was granted 4,600 shares and covered exercise/tax liability with 1,150 shares, increasing direct ownership by 8% to 30,068 units (SEC Form 4)
- Feb 28, 2025Director Langwell Dennis J. was granted 1,000 shares, increasing direct ownership by 33% to 4,000 units (SEC Form 4)
- Feb 28, 2025Director Gray Deborah E was granted 1,000 shares, increasing direct ownership by 33% to 4,000 units (SEC Form 4)
- Feb 28, 2025Director Moran Mary Coffey was granted 1,000 shares, increasing direct ownership by 20% to 6,000 units (SEC Form 4)
- Feb 28, 2025Director Meehan Thalia was granted 1,000 shares, increasing direct ownership by 12% to 9,000 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Property-Casualty Insurers
- Listed since
- 2002
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