A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 7 filings in this group are Form 4s for United Fire Group, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 7 insider filings shown, the breakdown is 4 compensation award, 1 open-market purchase, 1 open-market sale and 1 tax withholding. 2 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
What each transaction type means
- Compensation award ×4
- Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
- Open-market purchase ×1
- The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
- Open-market sale ×1
- The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
- Tax withholding ×1
- Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Form 4
Open-market sale
Insider Selling
2026-09-08
UFCS insider Carlton Scott L (Director) sold 9,777 shares (~$542.8K)
Carlton Scott L, listed as Director at UNITED FIRE GROUP INC, reported an open-market sale of 9,777 UFCS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
9,777 |
$55.52 |
$542.8K |
Filing: Form 4 (Insider Transaction)
Insider: Carlton Scott L (Director)
Shares: 9,777
Est. Value: $542.8K
Form 4
Tax withholding
Tax / Compensation Filing
2026-07-06
UFCS insider Form 4 filed for equity award, exercise, or tax withholding
Vogt Adam M (VP - Chief Accounting Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
159 |
$53.42 |
$8.5K |
Filing: Form 4 (Insider Transaction)
Insider: Vogt Adam M (VP - Chief Accounting Officer)
Shares: 159
Form 4
Open-market purchase
Insider Buying
2026-06-09
UFCS insider MILLIGAN GEORGE D (Director) bought 4,500 shares (~$203.5K)
MILLIGAN GEORGE D, listed as Director at UNITED FIRE GROUP INC, reported an open-market purchase of 4,500 UFCS shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
4,500 |
$45.23 |
$203.5K |
Filing: Form 4 (Insider Transaction)
Insider: MILLIGAN GEORGE D (Director)
Shares: 4,500
Est. Value: $203.5K
Form 4
Compensation award
Tax / Compensation Filing
2026-05-22
UFCS insider Form 4 filed for equity award, exercise, or tax withholding
Carlton Scott L (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,082 |
$48.04 |
$100.0K |
Filing: Form 4 (Insider Transaction)
Insider: Carlton Scott L (Director)
Shares: 2,082
Form 4
Compensation award
Tax / Compensation Filing
2026-05-22
UFCS insider Form 4 filed for equity award, exercise, or tax withholding
Clancy Brenda Kay (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,082 |
$48.04 |
$100.0K |
Filing: Form 4 (Insider Transaction)
Insider: Clancy Brenda Kay (Director)
Shares: 2,082
Form 4
Compensation award
Tax / Compensation Filing
2026-05-22
UFCS insider Form 4 filed for equity award, exercise, or tax withholding
Drahozal Christopher R (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,082 |
$48.04 |
$100.0K |
Filing: Form 4 (Insider Transaction)
Insider: Drahozal Christopher R (Director)
Shares: 2,082
Form 4
Compensation award
Tax / Compensation Filing
2026-05-22
UFCS insider Form 4 filed for equity award, exercise, or tax withholding
Foran Matthew R (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,082 |
$48.04 |
$100.0K |
Filing: Form 4 (Insider Transaction)
Insider: Foran Matthew R (Director)
Shares: 2,082