MEIER KEITH 4
Research Summary
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Assurant (AIZ) CFO Keith Meier Receives Award, Withholds Shares
What Happened
- Keith Meier, EVP and Chief Financial Officer of Assurant, had performance and restricted stock units vest on March 16, 2026. The filing shows two award entries: 22,355 shares (PSUs) and 3,489 shares (RSUs) issued to him at $0.00. To satisfy withholding obligations, 11,717 shares were withheld (treated as a disposition) at $222.15 per share, for a value of $2,602,932.
- This was a vesting/award event (not an open-market sale). The withholding of shares for taxes is a routine administrative action and is recorded as a disposition on the Form 4.
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely).
- Awards: 22,355 shares (PSUs) and 3,489 shares (RSUs) issued @ $0.00.
- Tax withholding: 11,717 shares withheld/disposed @ $222.15 = $2,602,932.
- Shares owned after transaction: not specified in the provided filing details.
- Relevant footnotes from the filing:
- F1: PSUs reflect payout based on relative performance for the 2023–2025 cycle.
- F2: Shares were withheld to satisfy tax withholding upon the March 16 vesting.
- F3/F5: Some shares are represented by restricted stock units.
- F4: Mentions ESPP-acquired shares from 2025 (included in holdings), and F6 notes indirect 401(k) holdings as of Dec 31, 2025.
- No indication this filing was late.
Context
- These transactions reflect vested equity awards (PSUs and RSUs). The withheld shares represent tax withholding at vesting (a common administrative step) rather than an open-market sale by the insider. The PSU payout was performance-based for the 2023–2025 cycle, per the filing.
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