Harmsworth James Mark 4

What Happened

• James Mark Harmsworth, Chief Financial Officer of HCI Group (HCI), surrendered 13,379 shares on May 22, 2026 to satisfy estimated federal tax withholding tied to the vesting of 34,000 restricted shares. The shares were recorded at $157.79 each, for a total value of $2,111,072.
• This was a tax-withholding/share-surrender transaction (Form 4 code F), not an open-market sale or new purchase — a routine administrative step when restricted stock vests.

Key Details

• Transaction date and price: May 22, 2026 — 13,379 shares withheld/surrendered at $157.79 per share (total $2,111,072).
• Vesting detail: The surrender covered federal taxes on 34,000 restricted shares that vested on May 22, 2026; 13,379 shares (about 39.3% of the vested shares) were surrendered, leaving 20,621 vested shares delivered to the reporting person.
• Additional grant note: Separately, Harmsworth received a restricted stock grant on Dec 19, 2025 that vests in equal increments on Oct 23, 2026, 2027 and 2028 (per the filing).
• Filing timeliness: Form 4 was filed on May 27, 2026. Given the May 22 transaction date and the Memorial Day holiday on May 25, this appears to be one business day late under the two-business-day Form 4 filing rule.

Context

• This was a tax-withholding (cashless surrender) tied to vesting of restricted stock — a routine administrative event that does not necessarily signal a change in insider sentiment. It differs from an open-market sale or purchase, which are more directly informative about an insider's view.