Madhu Sanjay 4
Research Summary
AI-generated summary
HCI Group Director Madhu Sanjay Receives Restricted Stock Award
What Happened
- Madhu Sanjay, a director of HCI Group, received a grant of 750 restricted shares (transaction code A) effective 6/11/2026. No purchase price is reported — this was an equity award under HCI’s 2012 Omnibus Incentive Plan. The shares will vest on 5/27/2027, so they are not immediately transferable or saleable.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely filing).
- Shares granted: 750 restricted shares. Price: N/A (award/grant).
- Vesting: all 750 shares vest on 2027-05-27 per the restricted stock agreement.
- Plan: 2012 Omnibus Incentive Plan.
- Footnote: the reporting person (Madhu Sanjay) holds voting and investment power for shares held by Universal Finance & Investments, LLC.
- Shares owned after transaction: Not specified in the filing.
Context
- Restricted stock awards are compensation: they grant shares now but impose vesting conditions before the insider fully owns or can sell them. Such awards are common for board members and executives and are a retention/compensation tool rather than an immediate market-timing signal.