ZURAITIS MARITA 4
Research Summary
AI-generated summary
Horace Mann (HMN) CEO Marita Zuraitis Receives Award
What Happened
- Marita Zuraitis, President & CEO and a director of Horace Mann Educators Corp. (HMN), was granted/received three awards on March 4, 2026 totaling 191,952.544 shares (reported price $0.00).
- The filing shows: 21,957 shares (award), 63,055.544 shares (award), and 106,940 shares (reported as a derivative acquisition). All items are reported as awards/restricted stock units (RSUs) or similar—no cash purchase or sale was reported.
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed within the typical 2‑business‑day window).
- Reported price: $0.00 for each line (award/RSU grants are shown at $0 on Form 4; they still have economic value but are not open‑market purchases).
- Shares awarded: 21,957; 63,055.544; 106,940 (total ≈191,952.544).
- Derivative note: the 106,940 item is reported as a derivative acquisition—this reflects RSUs or a similar derivative equity award rather than an option exercise or open‑market trade.
- Post‑transaction holdings (per filing footnotes): the filing references holdings such as 214,084.774 vested RSUs + 66,314 common shares, and also 277,140.318 vested RSUs + 66,314 common shares in different footnotes. See filing footnotes for exact mapping to each award line.
- Vesting/other footnotes: one award vests in three equal annual installments beginning March 4, 2027 (F1). Another award is noted as fully vested RSUs (F3). A separate footnote (F5) mentions an option vesting schedule (four equal annual installments beginning March 4, 2027), though no option exercise was reported on this Form 4.
Context
- This was an equity award (RSUs/derivative award), not an open‑market purchase or sale—awards are commonly part of executive compensation and are reported at $0 on Form 4 even though they represent future value.
- For retail investors, awards are informative about compensation and potential future dilution when/if RSUs vest and convert to shares, but they do not by themselves signal buying or selling intent.
- No late filing was indicated; the Form 4 appears timely.