HCI executive surrenders shares for tax withholding
Saravanos Anthony reported disposition transactions in this Form 4 filing.
Rhea-AI Filing Summary
Saravanos Anthony reported disposition transactions in this Form 4 filing.
HCI Group, Inc. Division President Anthony Saravanos reported routine share activity related to restricted stock vesting. On May 22, 2026, 13,384 shares of common stock were surrendered at $157.79 per share to cover the estimated federal tax liability tied to the vesting of 34,000 restricted shares. The filing also lists his post-transaction holdings, including 95,233 shares held directly in one account, additional directly held shares, and indirect interests through an IRA, a custodial account for a family member, and HC Investment LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 13,384 shares
Exercise Price or Tax Liability
6 txns
Insider
Saravanos Anthony
Role
Division President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 13,384 | $157.79 | $2.11M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 95,854 shares (Direct);
Common Stock — 30,000 shares (Indirect, By HC Investment LLC);
Common Stock — 1,200 shares (Indirect, By Self and Maria Saravanos as Custodian for son, Kostas Anthony Saravanos);
Common Stock — 140 shares (Indirect, By Anthony Saravanos IRA)
Footnotes (2)
- F1. 13,384 shares were surrendered to cover the estimated federal tax liability associated with the vesting of 34,000 restricted shares on May 22, 2026.
- F2. On December 19, 2025, the Reporting Person received a restricted stock grant. The shares will vest in equal increments on October 23, 2026, October 23, 2027, and October 23, 2028. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 12/19/2025.
Key Figures
Shares surrendered for tax: 13,384 shares
Tax withholding share price: $157.79 per share
Restricted shares vested: 34,000 restricted shares
+5 more
8 metrics
Shares surrendered for tax
13,384 shares
Surrendered on May 22, 2026 to cover estimated federal tax liability
Tax withholding share price
$157.79 per share
Value used for 13,384 surrendered shares
Restricted shares vested
34,000 restricted shares
Vesting that triggered the tax withholding on May 22, 2026
Direct holding (primary account)
95,233 shares
Common stock held directly after reported activity
Additional direct holding
621 shares
Common stock held directly in separate position
Indirect IRA holding
140 shares
Held by Anthony Saravanos IRA
Indirect custodial holding
1,200 shares
Held by self and Maria Saravanos as custodian for son
HC Investment LLC holding
30,000 shares
Indirect holding by HC Investment LLC
Key Terms
restricted shares, 2012 Omnibus Incentive Plan, tax liability, IRA, +1 more
5 terms
2012 Omnibus Incentive Plan financial
"These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 12/19/2025."
tax liability financial
"13,384 shares were surrendered to cover the estimated federal tax liability associated with the vesting of 34,000 restricted shares on May 22, 2026."
IRA financial
"nature_of_ownership": "By Anthony Saravanos IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
custodian financial
"By Self and Maria Saravanos as Custodian for son, Kostas Anthony Saravanos"
A custodian is a financial institution that holds and safeguards an investor's assets—such as stocks, bonds, or cash—and records transactions on the investor's behalf. Think of it as a trusted caretaker or safe-deposit box for investments; it helps prevent loss or theft, handles paperwork and transfers, and provides transparency and regulatory checks, so investors can focus on decisions rather than the mechanics or security of asset storage.
FAQ
What insider activity did HCI Division President Anthony Saravanos report on this Form 4 for HCI?
Anthony Saravanos reported share activity connected to restricted stock vesting. On May 22, 2026, 13,384 HCI common shares were surrendered to cover estimated federal tax on the vesting of 34,000 restricted shares, a standard tax-withholding mechanism rather than an open-market stock sale.
Was the HCI Form 4 transaction by Anthony Saravanos an open-market sale?
No, the transaction was not an open-market sale. The 13,384 HCI shares were surrendered to satisfy estimated federal tax liability on vested restricted shares, recorded under transaction code F, which indicates payment of exercise price or tax liability by delivering securities to the issuer.
What does the Form 4 say about Anthony Saravanos’s restricted stock grants in HCI?
One footnote states he received a restricted stock grant on December 19, 2025. Those shares vest in equal increments on October 23, 2026, October 23, 2027, and October 23, 2028, under HCI’s 2012 Omnibus Incentive Plan and a restricted stock agreement dated that day.
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