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Stock awards and tax share disposals for Safety Insurance (SAFT) VP

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

Safety Insurance Group VP of Marketing John Patrick Drago reported multiple common stock transactions. On February 25, 2026, he acquired 2,294 and 2,642 shares through stock awards at $0.00 per share, reflecting compensation grants subject to vesting and performance conditions described in the footnotes.

Between February 24, 2026 and March 2, 2026, he disposed of several small share amounts (including 286, 249, 283, 53, and 1 shares) at prices around $75–$77 per share to satisfy tax liabilities tied to these awards. After the latest transaction on March 2, 2026, he directly owned 32,165 shares of Safety Insurance Group common stock.

Positive

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Insider Drago John Patrick
Role VP - MARKETING
Type Security Shares Price Value
Tax Withholding Common Stock 1 $75.44 $75.44
Tax Withholding Common Stock 283 $76.86 $22K
Tax Withholding Common Stock 286 $77.42 $22K
Other Common Stock 1,967 $0.00 --
Grant/Award Common Stock 2,294 $0.00 --
Grant/Award Common Stock 2,642 $0.00 --
Tax Withholding Common Stock 249 $76.94 $19K
Tax Withholding Common Stock 53 $77.43 $4K
Holdings After Transaction: Common Stock — 32,448 shares (Direct)
Footnotes (1)
  1. Represents the difference between performance shares, with a three year performance period, that were granted on February 22, 2023 and actual shares earned at the end of the performance period on December 31, 2025. Final shares were approved by the Compensation Committee on February 25, 2026. Represents restricted stock awards effective February 25, 2026, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 25, 2027, 30% on February 25, 2028, and the remaining 40% on February 25, 2029, provided the grantee meets certain employment conditions. Represents restricted stock awards granted effective February 25, 2026 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2026 and ending on December 31, 2028. 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 2029. Represents securities delivered in payment of a tax liability with respect to vesting of securities issued in accordance with Rule 16b-3. Securities sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 29, 2025. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.28 to $77.23 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. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.32 to $77.59 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. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.07 to $77.90 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. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.51 to $77.06 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Drago John Patrick
(Last) (First) (Middle)
20 CUSTOM HOUSE STREET
(Street)
BOSTON MA 02110
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SAFETY INSURANCE GROUP INC [ SAFT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP - MARKETING
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/25/2026 J 1,967(1) D $0 28,101 D
Common Stock 02/25/2026 A 2,294(2) A $0 30,395 D
Common Stock 02/25/2026 A 2,642(3) A $0 33,037 D
Common Stock 02/24/2026 F 249(4)(5) D $76.94(6) 32,788 D
Common Stock 02/24/2026 F 53(4)(5) D $77.43(7) 32,735 D
Common Stock 02/27/2026 F 286(4)(5) D $77.42(8) 32,449 D
Common Stock 03/02/2026 F 1(4)(5) D $75.44 32,448 D
Common Stock 03/02/2026 F 283(4)(5) D $76.86(9) 32,165 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the difference between performance shares, with a three year performance period, that were granted on February 22, 2023 and actual shares earned at the end of the performance period on December 31, 2025. Final shares were approved by the Compensation Committee on February 25, 2026.
2. Represents restricted stock awards effective February 25, 2026, with respect to which sale or transfer rights shall vest over three years with installments of 30% on February 25, 2027, 30% on February 25, 2028, and the remaining 40% on February 25, 2029, provided the grantee meets certain employment conditions.
3. Represents restricted stock awards granted effective February 25, 2026 with respect to which sale or transfer rights will vest over a three-year performance period commencing on January 1, 2026 and ending on December 31, 2028. 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 2029.
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 29, 2025.
6. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.28 to $77.23 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.
7. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.32 to $77.59 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.
8. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $77.07 to $77.90 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.
9. Represents the weighted average sale price of multiple open market same day sales with prices ranging from $76.51 to $77.06 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.
/s/ John P. Drago 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SAFT executive John Patrick Drago report?

He reported stock awards and related tax-share disposals. On February 25, 2026 he received 2,294 and 2,642 common shares as awards, then delivered several small share amounts between February 24 and March 2, 2026 to cover associated tax liabilities.

How many SAFETY INSURANCE GROUP (SAFT) shares does John Patrick Drago now own?

Following the most recent reported transaction on March 2, 2026, John Patrick Drago directly owned 32,165 shares of Safety Insurance Group common stock, reflecting his position after the stock awards and the small share disposals used to satisfy tax obligations.

Were John Patrick Drago’s SAFT share disposals open-market sales?

The reported disposals were coded as tax-withholding transactions. Footnotes state the securities were delivered to pay tax liabilities related to vesting of prior equity awards issued under Rule 16b-3, not discretionary open-market sales for investment purposes.

What types of equity awards did SAFT grant to John Patrick Drago?

He received restricted stock and performance-based share awards effective February 25, 2026. Vesting occurs over three years with specified 30% and 40% installments, and some awards depend on achieving pre-established performance objectives over a multi-year performance period.

Over what period will John Patrick Drago’s new SAFT awards vest?

Restricted stock awards vest over three years starting February 25, 2026, with 30% vesting in 2027, 30% in 2028, and 40% in 2029. Separate performance-based awards vest over a performance period from January 1, 2026 through December 31, 2028.

How many SAFT shares were used to cover John Patrick Drago’s tax liabilities?

Several small blocks of common shares were delivered for tax withholding. Individual reported amounts include 286, 249, 283, 53, and 1 share on dates between February 24 and March 2, 2026, each tied to vesting-related tax obligations for his stock awards.