Insider Trading July 14, 2026 10:01 PM

SRB Corp and Plymouth Rock Co Inc Divest $2.61M in Safety Insurance Stock

Ten percent shareholders file SEC report for July 13 transaction; company expands credit facility and elects new directors at annual meeting.

By Jordan Park
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SRB Corp and Plymouth Rock Co Inc, both recognized as ten percent owners of Safety Insurance Group Inc (NASDAQ: SAFT), have reported the sale of 34,272 shares of common stock. The transaction, which was filed with the Securities and Exchange Commission on July 13, 2026, resulted in a total transaction value of $2,605,933. Following this divestiture, the reporting entities collectively retain a holding of 1,757,733 shares of Safety Insurance Group common stock. The sale occurred at a price of $76.0368 per share. The filing details the complex ownership structure, noting that SRB Corp acts as an investment manager for Plymouth Rock Co Inc and disclaims beneficial ownership of the reported shares. Plymouth Rock Co Inc also disclaims beneficial ownership except to the extent of its pecuniary interest, with shares held directly and through a network of subsidiaries managed by a Plymouth Rock Co Inc subsidiary.

SRB Corp and Plymouth Rock Co Inc Divest $2.61M in Safety Insurance Stock
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Key Points

  • SRB Corp and Plymouth Rock Co Inc, both ten percent owners of Safety Insurance Group, sold 34,272 shares for a total of $2,605,933 on July 13, 2026.
  • The transaction leaves the entities with a collective holding of 1,757,733 shares, with ownership structures involving indirect holdings and disclaimed beneficial ownership.
  • Safety Insurance Group simultaneously expanded its revolving credit facility with Citizens Bank from $50 million to $100 million, extending maturity to June 2031 without additional draws.

SRB Corp and Plymouth Rock Co Inc, significant shareholders in Safety Insurance Group Inc (NASDAQ: SAFT), have reported a sale of common stock totaling approximately $2.61 million. The transaction was filed with the Securities and Exchange Commission and occurred on July 13, 2026.

The two entities disposed of 34,272 shares of Safety Insurance Group common stock. The shares were sold at a price of $76.0368 per share, amounting to a total transaction value of $2,605,933. Both SRB Corp and Plymouth Rock Co Inc are identified as ten percent owners of Safety Insurance Group.

The filing indicates that the ownership of these shares is indirect. SRB Corp, a direct wholly-owned subsidiary of Plymouth Rock Co Inc, acts as an investment manager for Plymouth Rock Co Inc and may be deemed to have voting and dispositive power over the shares. However, SRB Corp disclaims beneficial ownership of the shares reported. Plymouth Rock Co Inc holds some shares directly, with the majority held through a complex network of its subsidiaries and subsidiaries of Palisades Safety and Insurance Association, which is managed by a Plymouth Rock Co Inc subsidiary. Plymouth Rock Co Inc also disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.

Following this transaction, the reporting entities collectively hold 1,757,733 shares of Safety Insurance Group common stock.

In other recent news, Safety Insurance Group has amended its revolving credit agreement with Citizens Bank and other lenders, increasing the committed amount from $50 million to $100 million. This amendment also extends the maturity date of the facility to June 9, 2031. The company has not drawn any additional amounts under this amended credit agreement as of the report date.

In another development, Safety Insurance Group held its annual stockholders’ meeting, where John D. Farina and Thalia M. Meehan were elected as Class III directors for three-year terms. The voting results showed that Farina received 11,767,003 votes in favor, while Meehan received 11,864,129 votes in favor. Both directors had a significant number of broker non-votes, totaling 1,680,893 each. Additionally, the company’s auditor was ratified during this meeting.

Risks

  • The complex ownership structure, involving subsidiaries of Palisades Safety and Insurance Association, introduces potential uncertainties regarding direct control and beneficial ownership claims.
  • The significant number of broker non-votes (1,680,893 each for elected directors) at the annual meeting may indicate shareholder disengagement or lack of consensus on governance matters.
  • The expansion of the credit facility to $100 million, while not drawn, may signal underlying liquidity management strategies that warrant monitoring for future capital allocation shifts.

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