Campbell Michael P. 4
Research Summary
AI-generated summary
Assurant (AIZ) EVP Michael Campbell Receives Award; Withholds Shares
What Happened
- Michael P. Campbell, EVP and COO of Assurant (AIZ), received awards when performance share units (PSUs) and restricted stock units (RSUs) vested on March 16, 2026. He was issued 13,285 shares (PSU-based vesting) and 2,093 shares (RSUs), a total of 15,378 shares (awards reported as code A, price $0.00).
- To satisfy withholding obligations, 7,687 shares were withheld (reported as code F) at an attributed price of $222.15, for a withholding value of $1,707,667. The awards/vestings themselves carried no cash exercise price.
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
- Awarded/acquired: 13,285 shares (PSUs) + 2,093 shares (RSUs) — total 15,378 shares (codes A).
- Shares withheld/disposed: 7,687 shares to cover tax withholding (code F) at $222.15, totaling $1,707,667.
- Footnotes: F1 = shares issued on vesting of PSUs for the 2023–2025 cycle; F2 = shares withheld to satisfy tax withholding on PSU/RSU vesting; F3/F4 = shares represented by or including RSUs.
- Shares owned after transaction: not specified in the provided filing summary.
Context
- This was not an open-market purchase or a voluntary sale; it reflects routine vesting of equity awards (PSUs and RSUs) and mandatory tax-withholding via share retention. Tax-withholding disposals are common and do not necessarily signal a change in insider sentiment.
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