secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001104659-24-102054
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selective Insurance appoints Patrick S. Brennan as CFO effective Oct 1, 2024
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- Brennan joins from Progressive, where he served as Treasurer overseeing capital strategy and investor relations.
- Outgoing interim CFO Tony Harnett reverts to role of Senior VP and Chief Accounting Officer.
- Employment agreement: $650k base salary, $500k guaranteed 2024 ACIP, $1.2M LTIP award in 2025, plus $1.1M RSU make-whole grant.
- Cash make-whole bonus of $464k paid in two tranches; severance includes 1.5x base plus average ACIP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000110465924102054/0001104659-24-102054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000110465924102054/tm2424539d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102054

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