United Fire Group (UFCS) CLO uses 613 shares to cover RSU taxes

Rhea-AI Filing Summary

United Fire Group’s Chief Legal Officer, Sarah E. Madsen, had 613 shares of common stock withheld at $36.40 per share to cover tax liabilities tied to the vesting of restricted stock units. After this tax-withholding disposition, she directly holds 13,481 shares of United Fire Group common stock. This is a routine, non‑market transaction rather than an open‑market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Madsen Sarah E

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	613	$36.40	$22K

Holdings After Transaction: Common Stock — 13,481 shares (Direct)

Footnotes (1)

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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).

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^*

Madsen Sarah E

(Last) (First) (Middle)

118 2ND AVE SE

(Street)

CEDAR RAPIDS IOWA 52402

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNITED FIRE GROUP INC [ UFCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/20/2026		F(1)		613	D	$36.4	13,481	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 payment of tax liability by withholding shares incident to the vesting of restricted stock units ("RSU").

Remarks:

	Sarah E. Madsen	03/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did United Fire Group (UFCS) disclose for Sarah E. Madsen?

United Fire Group disclosed that Chief Legal Officer Sarah E. Madsen had 613 common shares withheld at $36.40 per share. The shares covered tax liabilities from vesting restricted stock units, a routine compensation-related adjustment rather than an open-market stock sale.

How many United Fire Group (UFCS) shares does Sarah E. Madsen hold after this transaction?

After the tax-withholding disposition, Sarah E. Madsen directly holds 13,481 United Fire Group common shares. This reflects her position following the RSU vesting event, with only 613 shares withheld to satisfy related tax obligations.

Was the United Fire Group (UFCS) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 613 United Fire Group shares were withheld by the company to pay tax liabilities arising from restricted stock unit vesting, as described in the filing footnote.

What does the Form 4 tax-withholding transaction mean for United Fire Group (UFCS) investors?

The Form 4 shows a routine tax-withholding disposition of 613 shares for the Chief Legal Officer. It reflects standard handling of RSU-related taxes and does not indicate discretionary buying or selling activity in United Fire Group stock.

What price per share was used for the United Fire Group (UFCS) tax-withholding transaction?

The tax-withholding disposition used a price of $36.40 per United Fire Group common share for the 613 shares withheld. This figure appears in the transaction details as the price per share applied to the tax-related adjustment.