Safety Insurance Group (SAFT) holder trims stake with 14,151-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Safety Insurance Group Inc large shareholder affiliates SRB Corporation and The Plymouth Rock Company Incorporated reported an open-market sale of 14,151 shares of common stock on 2026-03-20 at an average price of $71.122 per share. After this transaction, entities associated with the reporting persons indirectly held 1,794,655 shares. The filing notes that SRB and Plymouth Rock, together with various insurance subsidiaries and related entities, may be deemed a group for reporting purposes but each disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,151 shares ($1,006,447)
Net Sell
1 txn
Insider
SRB CORP, Plymouth Rock Co Inc
Role
10% Owner | 10% Owner
Sold
14,151 shs ($1.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,151 | $71.122 | $1.01M |
Holdings After Transaction:
Common Stock — 1,794,655 shares (Indirect, See)
Footnotes (1)
- This Form 4 is being jointly filed by SRB Corporation, a Massachusetts corporation ("SRB"), and The Plymouth Rock Company Incorporated, a Massachusetts corporation ("PRC"), and each shall be deemed a Reporting Person. SRB is a direct, wholly-owned subsidiary of PRC and acts as investment manager to PRC and, in such capacity, may be deemed to have voting and dispositive power over the shares of Common Stock reported on this Form 4. SRB disclaims beneficial ownership of the shares of Common Stock reported on this Form 4, and this report shall not be deemed an admission that SRB is a beneficial owner of such shares for purposes of Section 16 or for any other purpose. (Continued in Footnote 2) The Reporting Persons are making this single joint filing because they may be deemed a "group" within the meaning of Section 13(d)(3) of the Securities Act of 1934, as amended. This joint filing shall not, however, be deemed an affirmation that a group exists among the Reporting Persons for the purposes of the Securities Exchange Act of 1934 or for any other purpose and each Reporting Person expressly disclaims beneficial ownership of any securities beneficially owned by any other person. PRC holds 4,120 of the shares of Common Stock reported on this Form 4. The following subsidiaries of PRC hold in the aggregate 772,856 shares of the Common Stock reported on this Form 4: Plymouth Rock Security Corporation, a Massachusetts security corporation ("PRSC"); Plymouth Rock Assurance Corporation, a Massachusetts corporation ("PRAC"); Plymouth Rock Assurance Preferred Corporation, a New York corporation ("PRAPC"); Plymouth Rock Assurance Corporation of New York, a New York corporation ("PRACNY"); Pilgrim Insurance Company, a Massachusetts corporation ("Pilgrim"); Plymouth Rock Home Assurance Corporation, a Massachusetts corporation ("PRHAC"); Bunker Hill Insurance Casualty Company, a Massachusetts corporation ("BHICC"); Bunker Hill Preferred Insurance Company, a Massachusetts corporation ("BHPREFIC"); Bunker Hill Property Insurance Company, a Massachusetts corporation ("BHPIC"); (Continued in Footnote 4) and Bunker Hill Insurance Company, a Massachusetts corporation ("BHIC"). PRSC, PRAC, and PRHAC are direct wholly-owned subsidiaries of PRC. PRAPC and PRACNY are direct wholly-owned subsidiaries of PRAC. Pilgrim is a direct wholly-owned subsidiary of SRB. BHICC, BHPREFIC, BHPIC, and BHIC are direct wholly-owned subsidiaries of PRHAC. Palisades Safety and Insurance Association, a New Jersey reciprocal insurance exchange ("PSIA"), is managed by a subsidiary of PRC. PSIA and the following subsidiaries of PSIA hold in the aggregate 1,017,679 shares of the Common Stock reported on this Form 4: High Point Safety and Insurance Company, a New Jersey corporation ("HPSIC"); High Point Property and Casualty Insurance Company, a New Jersey corporation ("HPPCIC"); High Point Preferred Insurance Company, a New Jersey corporation ("HPPIC"); Palisades Insurance Company, a New Jersey corporation ("PICNJ"); (Continued in Footnote 5) Twin Lights Insurance Company, a New Jersey corporation ("TLIC"); and Teachers Auto Insurance Company of New Jersey, a New Jersey corporation ("TAIC"). HPSIC, HPPIC, TLIC, and TAIC are direct wholly-owned subsidiaries of HPPCIC, which is a direct wholly-owned subsidiary of PSIA, as is PICNJ. PRC disclaims beneficial ownership of the shares of Common Stock reported on this Form 4 except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that PRC is a beneficial owner of such shares for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did SAFETY INSURANCE GROUP INC (SAFT) report?
SAFETY INSURANCE GROUP INC reported that entities affiliated with SRB Corporation and The Plymouth Rock Company Incorporated sold 14,151 shares of common stock in an open-market transaction at an average price of $71.122 per share, according to a Form 4 insider filing.
Who are the reporting persons in the SAFETY INSURANCE GROUP INC Form 4?
The Form 4 lists SRB Corporation and The Plymouth Rock Company Incorporated as reporting persons and ten percent owners. SRB is a direct, wholly-owned subsidiary of Plymouth Rock and acts as investment manager, with various Plymouth Rock and Palisades insurance subsidiaries also holding shares described in the footnotes.