Horace Mann (HMN) Director Reece Wade Sells 1,359 Shares

What Happened

• Reece Henry Wade, a director of Horace Mann Educators Corp. (HMN), sold 1,359 shares in an open-market transaction on August 12, 2026. The weighted-average sale price was $51.52, for aggregate proceeds of $70,018 (two trades at $51.49 and $51.55).

Key Details

• Transaction date and prices: Aug 12, 2026; two trades at $51.49 and $51.55 (weighted avg $51.52).
• Shares sold and proceeds: 1,359 shares, $70,018 total.
• Securities held after transaction: 41,794.981 RSU-equivalent units reported (8,869.567 deferred cash restricted stock units + 32,925.414 vested share-based restricted stock units). (See footnote F2.)
• Transaction type and filing: Reported as a sale (Code S); Form 4 filed Aug 14, 2026 — filed within the typical two-business-day reporting window.
• Footnotes: F1 notes the reported price is a weighted average of two transactions; F2 explains the composition of reported RSU holdings.

Context

• This was an outright sale by a director. Sales by insiders can be routine (liquidity, diversification, etc.) and do not by themselves indicate management’s view of company prospects. Retail investors should consider this trade alongside other insider activity and company fundamentals.