DiRienzo Dimitry 4
Research Summary
AI-generated summary
Assurant (AIZ) SVP Dimitry DiRienzo Receives Awards, Withholds Shares
What Happened
- Dimitry DiRienzo, SVP, CAO & Controller of Assurant, had performance share units (PSUs) and restricted stock units (RSUs) vest on March 16, 2026. He was issued 3,387 shares from PSU vesting and 508 shares represented by RSUs (total 3,895 shares) at $0.00 (compensation awards). To satisfy withholding obligations, 1,395 shares were withheld/disposed at $222.15 per share for a withholding value of $309,899. The withheld shares were not an open-market sale but a tax-withholding disposition.
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely).
- Awards acquired: 3,387 shares (PSUs) and 508 RSU shares, acquisition price $0.00.
- Shares withheld/disposed: 1,395 shares at $222.15 each, total $309,899 (transaction code F = tax withholding).
- Footnotes: F1 = shares issued upon 2023–2025 PSU performance vesting; F2 = shares withheld to satisfy tax withholding; F3/F4 note RSU representation/inclusion.
- Shares owned after the reported transactions: not specified in the filing.
Context
- These transactions reflect compensation vesting (PSUs/RSUs) and routine tax withholding, not an open-market sale or a purchase that indicates personal buying conviction. PSUs vest based on multi-year performance; the filing documents issuance and withholding rather than discretionary selling.
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