Assurant (AIZ) CEO Keith Demmings granted PSUs and RSUs, with shares withheld for taxes
Rhea-AI Filing Summary
ASSURANT, INC. President and CEO Keith Demmings reported equity compensation and related tax withholding in company stock. On March 16, 2026, he received 83,030 shares of common stock upon vesting of performance share units tied to the 2023–2025 performance cycle. He also acquired 11,254 shares as a separate stock award. To cover withholding obligations on the vesting of performance share units and restricted stock units, 42,338 shares were withheld at a reference price of $222.15 per share, which is characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, Demmings directly holds 136,635.383 shares of common stock, a figure that includes restricted stock units and shares previously acquired under the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insights
CEO award and tax withholding in AIZ stock appear routine and compensation-driven.
The filing shows Keith Demmings receiving performance-based and other stock awards, with $222.15-per-share valuation used for tax withholding. The largest component is from performance share units earned over the 2023–2025 cycle, signaling long-term, metric-based compensation rather than short-term trading.
A block of 42,338 shares was withheld to satisfy tax obligations, which is not an open-market sale and carries limited informational value about his view of the stock. After these entries, Demmings directly holds 136,635.383 shares, including restricted stock units, indicating he maintains a substantial ongoing equity stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83,030 | $0.00 | -- |
| Tax Withholding | Common Stock | 42,338 | $222.15 | $9.41M |
| Grant/Award | Common Stock | 11,254 | $222.15 | $2.50M |
Footnotes (1)
- 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. Represents shares withheld to satisfy withholding obligations upon the March 16, 2026 vesting of PSUs and restricted stock units. These shares are represented by restricted stock units. Includes restricted stock units. Includes 42.159 shares acquired under the Assurant, Inc. Amended and Restated 2004 Employee Stock Purchase Plan ("ESPP") on December 31, 2025.