Burks Robert Wayne 4
Research Summary
AI-generated summary
HCI Group Director Robert W. Burks Receives Restricted Stock Award
What Happened
- Robert W. Burks, a director of HCI Group, Inc. (HCI), received a grant of 750 restricted shares (transaction code A) effective June 11, 2026. The filing lists no purchase price (award/grant — not an open‑market trade).
- The restricted shares were granted under HCI’s 2012 Omnibus Incentive Plan and pursuant to a restricted stock agreement; they vest on May 27, 2027. As an award, this is compensation rather than a buy or sell.
Key Details
- Transaction date: 2026-06-11 (Form 4 filed 2026-06-15). Filing appears timely.
- Price: N/A (restricted stock award).
- Shares granted: 750 restricted shares; vesting date 2027-05-27.
- Shares owned after transaction: not specified in this filing.
- Footnotes: F1 — grant effective 6/11/2026, vests 5/27/2027 under the 2012 Omnibus Incentive Plan and a restricted stock agreement. F2 — some shares are held jointly with spouse.
- Transaction type: Award/Grant (compensation), not a purchase or sale.
Context
- Restricted stock awards are commonly used as compensation and are typically subject to vesting and other transfer restrictions; they do not represent an immediate market purchase or sale and therefore are a limited signal about the insider’s market view.
- The shares cannot be sold until vesting (unless other terms apply), and any future sale would be reported separately.