Garateix Ernie J 4

What Happened
Ernie J. Garateix, CEO of Heritage Insurance Holdings, Inc. (HRTG), was granted two equity awards on March 5, 2026 totaling 107,085 shares: 25,960 shares of restricted stock (grant A, $0.00 per share) and 81,125 shares of performance-based restricted stock (grant A, $0.00 per share). The awards were reported on a Form 4 filed March 9, 2026. These were compensation grants (acquired at $0) rather than open‑market purchases or sales.

Key Details

• Transaction date: March 5, 2026; Filing date: March 9, 2026 (timely under the two-business-day rule).
• Grants and prices reported:
  • 25,960 restricted shares @ $0.00 (Footnote F1)
  • 81,125 performance-based restricted shares @ $0.00 (Footnote F2)
• Shares owned after transaction: Not specified in the filing provided.
• Footnotes:
  • F1: The 25,960 restricted shares vest in three installments — 8,653 on 12/15/2026, 8,653 on 12/15/2027 and 8,654 on 12/15/2028.
  • F2: The 81,125 performance-based shares cover a three-year performance period (1/1/2026–12/31/2028); vesting occurs after the period (no later than 3/30/2029) and the number earned may decrease based on performance results.

Context
These awards are standard executive compensation: time‑based restricted stock vests on scheduled dates, while performance-based shares depend on multi-year company results and may be reduced. Because these were grants (not purchases or sales), they do not directly signal an insider buying or selling shares on the open market.