secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K/A
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001104659-23-114024
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selective Insurance discloses Interim CFO Harnett's compensation: $603K base, severance 1.5x salary plus avg bonus
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- Anthony D. Harnett appointed Interim CFO effective Nov 4, 2023; base salary rises to $603,460 while serving in that role.
- 2023 ACIP target calculated as 75% x 70% of CAO base ($342,770) + 25% x 150% of Interim CFO base.
- 2024 LTIP award recommended at $365,000 target; severance equals 1.5x base plus average of recent ACIP awards.
- Employment agreement includes COBRA reimbursement for 12 months and full vesting of equity upon qualifying termination.
- Severance and change-in-control benefits subject to release and restrictive covenants (confidentiality, non-solicitation).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000110465923114024/0001104659-23-114024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000110465923114024/tm2329638d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114024

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