leadership
confidence high
sentiment neutral
materiality 0.35
United Fire Group enters change-in-control severance agreement with SVP & CHRO Steven Hernandez
UNITED FIRE GROUP INC
- Agreement effective Aug 28, 2025, with Steven D. Hernandez, SVP & Chief HR Officer.
- Severance benefit = 1.5x highest annual base salary plus target incentive upon qualifying termination.
- Includes 18-month non-compete, 18-month insurance continuation, full LTI vesting at target.
- Agreement approved by Board on August 15, 2025; standard form for named executive officers.