Lusk Kirk 4

What Happened
Kirk Lusk, Chief Financial Officer of Heritage Insurance Holdings, received two equity awards on March 5, 2026: 15,271 restricted shares (reported at $0.00) and 27,487 performance-based restricted shares (reported at $0.00), for a total of 42,758 shares. These were awards/grants (code A) rather than purchases or sales; the awards vest subject to time and performance conditions described below.

Key Details

• Transaction date: 2026-03-05; both awards reported at $0.00 per share.
• Awards: 15,271 shares (time-based restricted stock) and 27,487 shares (performance-based restricted stock).
• Vesting/timeframes:
  • Time-based award (F1): vests in three installments — 5,090 shares on 12/15/2026, 5,090 on 12/15/2027, and 5,091 on 12/15/2028.
  • Performance award (F2): three-year performance period from 01/01/2026 to 12/31/2028; vesting determined after the period and no later than 03/30/2029; the number of shares earned may decrease depending on performance results.
• Shares owned after transaction: not specified in the filing.
• Filing: Form 4 filed 2026-03-09 reporting 2026-03-05 transactions (Form 4s are generally due within two business days; this filing was made four days after the transactions).

Context

• These are grants, not open-market purchases or sales — awards reflect compensation and retention incentives and do not necessarily indicate immediate bullish or bearish trading by the insider.
• The performance-based portion may be reduced or forfeited depending on whether performance targets are met at the end of the performance period.
• No tax-withholding, sale, or 10b5-1 plan information was disclosed in the items provided.