Schaaf Mark 4
Research Summary
AI-generated summary
Hippo (HIPO) Director Mark Schaaf Receives RSU Awards
What Happened
- Mark Schaaf, a director of Hippo Holdings, reported two award-type transactions on 2026-06-02. First, 4,738 restricted stock units (RSUs) vested and settled into 4,738 shares of common stock at an attributable price of $25.40 per share (total value $120,345). Second, 4,808 RSUs were recorded as newly granted (reported at $0.00 acquisition price in the filing).
Key Details
- Transaction date(s): 2026-06-02; Form 4 filed 2026-06-04 (reporting the 06-02 transactions).
- Vesting/settlement: 4,738 RSUs vested into 4,738 shares at $25.40 each (total $120,345) — listed as an acquisition (award/settlement).
- New grant: 4,808 RSUs reported at $0.00 (typical reporting treatment for RSU grants).
- Shares owned after transaction: not specified in the details you provided.
- Footnotes: F1 confirms the 4,738 RSUs were originally granted June 3, 2025 and vested/settled; F2 describes the RSU vesting schedule (vest in full upon earlier of first anniversary of grant or immediately prior to the next Annual Meeting, subject to continued service); F3 notes the 4,808 RSUs are included in the reported grant.
- Filing timeliness: Form filed two days after the transactions; the filing does not indicate a late-report code in the information provided.
Context
- This was not a market purchase or sale — it was RSU vesting/settlement (conversion of awards into shares) plus a reported grant of additional RSUs. Vesting events are routine compensation-related transactions and do not, by themselves, indicate buying or selling intent.