Sanders Derik Tyson 4
Research Summary
AI-generated summary
Horace Mann (HMN) SVP Derik Sanders Receives RSU Awards
What Happened
- Derik Sanders, Senior Vice President of Horace Mann Educators Corp. (HMN), was granted two restricted stock unit (RSU) awards on 2026-03-04: 2,295 RSUs and 1,913.378 RSUs. Both grants are reported as acquisitions at a reported price of $0.00 (total reported value $0 on the Form 4). These are compensation awards (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed timely).
- Grants: 2,295 RSUs @ $0.00 (reported total $0) and 1,913.378 RSUs @ $0.00 (reported total $0); combined = 4,208.378 RSUs.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes:
- F1: The 2,295 RSUs will vest in three equal annual installments beginning March 4, 2027.
- F2: The 1,913.378 RSUs reported are fully vested.
- Transaction code: A = Award/Grant.
Context
- RSU grants represent compensation/retention — they do not require a cash purchase and are not the same signal as an open-market buy. Fully vested RSUs (F2) are already earned and may be subject to tax withholding when settled; the other RSUs (F1) vest over three years, aligning incentives with future service. These filings are routine compensation disclosures rather than evidence of insider buying or selling intent.