Cynthia S. Nicholson, a director at Selective Insurance Group Inc, has sold 3,691 shares of the company’s common stock. This transaction occurred on October 26, 2026, and is part of Nicholson’s ongoing management of her stock holdings.
The sale is significant as it reflects the actions of company leadership within the fire, marine, and casualty insurance sector. Nicholson’s decision to sell shares may provide insights into her personal financial strategy or market conditions.
According to the filing, the shares were sold at a weighted average price of $98.711, with the highest sale price being $98.75 and the lowest at $98.71. Following this transaction, Nicholson retains ownership of 17,463 shares, which includes 16.9373 dividend equivalent units.
The filing indicates that Nicholson continues to engage actively with her stock holdings, a common practice among executives in the industry. Such transactions can influence investor perceptions and contribute to broader market dynamics.
As of now, there are no indications of further actions or upcoming filings related to this transaction.
Transaction Details
The filing specifies that the transaction was coded as a sale (transaction code 'S') and falls under the non-derivative category, indicating that it involved the direct sale of common stock rather than any derivative securities.
Additionally, the filing notes that the shares were sold at a weighted average price of $98.711, with a range of sale prices from a high of $98.75 to a low of $98.71. This detailed pricing information highlights the precision in Nicholson's transaction management.
Ownership Status
Post-transaction, Nicholson holds a total of 17,463 shares, which includes 16.9373 dividend equivalent units. These units represent an economic equivalent of common stock, further emphasizing her continued stake in Selective Insurance Group Inc.
Company Background
Selective Insurance Group Inc is incorporated in New Jersey and operates within the fire, marine, and casualty insurance sector, classified under the Standard Industrial Classification code 6331. The company’s fiscal year ends on December 31.
“The reporting person hereby undertakes to provide upon request to the SEC's staff, the issuer or its security holders, full information regarding the number of shares sold at each separate price.”
This statement from the filing indicates a commitment to transparency regarding the sale details, which may be of interest to investors and analysts following the company.