Assurant EVP granted shares, pays taxes in stock
Assurant EVP Biju Nair reported equity compensation activity involving common stock.
Rhea-AI Filing Summary
Assurant EVP Biju Nair reported equity compensation activity involving common stock. On March 16, 2026, he acquired 14,947 shares issued upon vesting of performance share units tied to the 2023–2025 performance cycle and an additional 2,161 shares from restricted stock units.
To cover withholding obligations for the vesting of these performance share units and restricted stock units, 7,385 shares were disposed of at $222.15 per share as a tax-withholding transaction, not an open-market sale. Following these transactions, Nair directly holds 27,089.633 shares of Assurant common stock, including restricted stock units and shares acquired under the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,947 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,385 | $222.15 | $1.64M |
| Grant/Award | Common Stock | 2,161 | $0.00 | $0.00 |
Footnotes (5)
- F1. Represents the number of shares issued upon vesting of performance share units ("PSUs") based on the relative performance achieved during the 2023-2025 performance cycle.
- F2. Represents shares withheld to satisfy withholding obligations upon the March 16, 2026 vesting of PSUs and restricted stock units.
- F3. These shares are represented by restricted stock units.
- F4. Includes 42.196 shares and 42.159 shares acquired under the Assurant, Inc. Amended and Restated 2004 Employee Stock Purchase Plan ("ESPP") on June 30, 2025 and December 31, 2025.
- F5. Includes restricted stock units.
FAQ
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What did Assurant (AIZ) executive Biju Nair report in this Form 4?
What performance period applied to Biju Nair’s Assurant (AIZ) PSUs?
Were Biju Nair’s Assurant (AIZ) transactions open-market trades?
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