Biju Nair 4

What Happened Biju Nair, EVP and President, Global Connected Living at Assurant, had performance share units (PSUs) and restricted stock units (RSUs) vest on March 16, 2026. A total of 17,108 shares were issued to him (14,947 shares and 2,161 shares reported as acquisitions at $0.00). To satisfy tax withholding on the vesting, 7,385 shares were disposed of at $222.15 per share, producing withholding proceeds of $1,640,578. The transactions were reported on a Form 4 filed March 18, 2026.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (appears timely).
• Acquisitions: 14,947 shares (vested PSUs) and 2,161 shares (vested RSUs), both reported at $0.00 (code A = award/vesting).
• Disposal: 7,385 shares withheld to cover tax obligations at $222.15 per share for total $1,640,578 (code F = tax withholding).
• Footnotes: F1 indicates PSUs were issued based on relative performance for the 2023–2025 cycle. F2 confirms shares were withheld to satisfy withholding on the March 16, 2026 vesting. F3/F5 note RSU representation; F4 notes inclusion of small ESPP lots (42.196 and 42.159 shares) acquired in 2025.
• Shares owned after the transactions: not specified in this filing.

Context

• This was not an open-market sale signaling a cash-out decision; the 7,385-share disposal was a routine tax-withholding event tied to vesting of equity awards (a common administrative step).
• Vesting of PSUs/RSUs is a non-cash compensation event (award), and withholding is standard to cover payroll taxes — not necessarily an indicator of insider sentiment.