Garateix Ernie J 4

What happened

• Ernie J. Garateix, CEO of Heritage Insurance Holdings (HRTG), had 149,632 shares disposed on 2026-03-12 to satisfy tax withholding related to the vesting of previously awarded performance-based restricted stock. The shares were valued at $28.14 each, totaling approximately $4,210,644.
• This was a tax-withholding disposition (code F), not an open-market sale or a purchase.

Key details

• Transaction date: 2026-03-12; Filing date (Form 4): 2026-03-16 — filing appears timely.
• Price: $28.14 per share; Total value of shares withheld: ~$4,210,644.
• Shares disposed: 149,632 (withheld to satisfy tax liability).
• Footnote: F1 — "Represents the shares withheld to satisfy tax liability on the vesting of shares of previously awarded performance based restricted stock."
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

• Tax-withholding dispositions are routine when restricted stock vests; the company often withholds shares to cover the insider’s tax bill rather than the insider selling shares on the open market.
• Such withholding reductions in holdings are administrative and do not necessarily indicate the insider’s view of the company’s prospects.