United Fire Group Inc. Announces New Change in Control Severance Agreement for Executive Steven D. Hernandez

Reuters

Aug 29

United Fire Group Inc. Announces New Change in Control Severance Agreement for Executive Steven D. Hernandez

United Fire Group Inc. has announced a new Change in Control Severance Agreement for its SVP & Chief Human Resources Officer, Steven D. Hernandez. Effective August 28, 2025, the agreement includes an 18-month non-competition clause. In the event of a company change in control and subsequent termination without cause, Hernandez will receive a severance benefit of 1.5 times his highest annual base salary plus target annual incentive compensation. Additionally, he will benefit from an 18-month continuation of certain insurance benefits, full vesting of long-term incentive awards at target levels, and specific outplacement services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Fire Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000101199-25-000062), on August 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Hernandez","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      United Fire Group Inc. Announces New Change in Control Severance Agreement for Executive Steven D. Hernandez\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        United Fire Group Inc. has announced a new Change in Control Severance Agreement for its SVP &amp; Chief Human Resources Officer, Steven D. Hernandez. Effective August 28, 2025, the agreement includes an 18-month non-competition clause. In the event of a company change in control and subsequent termination without cause, Hernandez will receive a severance benefit of 1.5 times his highest annual base salary plus target annual incentive compensation. 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Hernandez\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        United Fire Group Inc. has announced a new Change in Control Severance Agreement for its SVP &amp; Chief Human Resources Officer, Steven D. Hernandez. Effective August 28, 2025, the agreement includes an 18-month non-competition clause. In the event of a company change in control and subsequent termination without cause, Hernandez will receive a severance benefit of 1.5 times his highest annual base salary plus target annual incentive compensation. 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Hernandez. Effective August 28, 2025, the agreement includes an 18-month non-competition clause. In the event of a company change in control and subsequent termination without cause, Hernandez will receive a severance benefit of 1.5 times his highest annual base salary plus target annual incentive compensation. Additionally, he will benefit from an 18-month continuation of certain insurance benefits, full vesting of long-term incentive awards at target levels, and specific outplacement services.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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