Assurant (AIZ) EVP uses 1,108 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASSURANT, INC. executive Biju Nair reported a routine tax-related share disposition. On April 1, 2026, he used 1,108 shares of common stock, valued at $216.33 per share, to satisfy tax obligations linked to equity compensation. After this non‑market transaction, he directly holds about 28,142.633 shares of Assurant common stock, including restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Biju Nair
Role
EVP, Pres, Global Conn Living
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,108 | $216.33 | $240K |
Holdings After Transaction:
Common Stock — 28,142.633 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 1,108 shares
Implied share value: $216.33 per share
Post-transaction holdings: 28,142.633 shares
+1 more
4 metrics
Tax-withholding shares
1,108 shares
Shares delivered for tax obligations on April 1, 2026
Implied share value
$216.33 per share
Value used for the tax-withholding disposition
Post-transaction holdings
28,142.633 shares
Direct Assurant common stock holdings after transaction, including RSUs
Tax-withholding count
1 transaction
Single code F tax-withholding disposition reported
Key Terms
tax-withholding disposition, restricted stock units, Common Stock, Payment of exercise price or tax liability by delivering securities
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units financial
"Footnote states: "Includes restricted stock units.""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description explains code F as this payment method"
FAQ
What did Assurant (AIZ) executive Biju Nair report in this Form 4?
Biju Nair reported a tax-withholding disposition of Assurant common stock. He used 1,108 shares at $216.33 per share to cover tax obligations on equity compensation and did not execute an open-market trade.
What does transaction code F mean in the Assurant (AIZ) Form 4 for Biju Nair?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, 1,108 shares of Assurant common stock were used to satisfy tax obligations tied to equity compensation, not sold for cash in the market.