Hippo (HIPO) CEO has 1,438 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hippo Holdings Inc. Chief Executive Officer Richard McCathron had 1,438 shares of common stock withheld at $28.2089 per share to satisfy tax obligations. This was a tax-withholding disposition, not an open-market sale. Following the transaction, he holds 609,212 shares, including 340,418 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCathron Richard
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,438 | $28.2089 | $41K |
Holdings After Transaction:
Common Stock — 609,212 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,438 shares
Withholding price: $28.2089 per share
Shares held after transaction: 609,212 shares
+1 more
4 metrics
Shares withheld for taxes
1,438 shares
Tax-withholding disposition of common stock
Withholding price
$28.2089 per share
Price used for tax-withholding shares
Shares held after transaction
609,212 shares
Total common stock holdings following transaction
RSUs included in holdings
340,418 RSUs
Restricted stock units included in total holdings
Key Terms
tax-withholding disposition, RSUs, Common Stock, Form 4
4 terms
tax-withholding disposition financial
"classified as a tax-withholding disposition rather than a voluntary sale"
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.
RSUs financial
"Includes 340,418 RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Hippo (HIPO) CEO Richard McCathron report in this Form 4 filing?
Richard McCathron reported a tax-related share disposition. Hippo’s CEO had 1,438 common shares withheld at $28.2089 per share to cover tax obligations, a routine administrative event rather than an open-market trade or a discretionary sale of his holdings.
Does this Hippo (HIPO) Form 4 show an open-market sale by the CEO?
No, the Form 4 does not show an open-market sale. The transaction is coded as “F,” meaning 1,438 shares were withheld to satisfy tax obligations, a standard mechanism that does not reflect an active decision to sell shares on the market.
What are the RSUs mentioned in Hippo (HIPO) CEO Richard McCathron’s holdings?
The filing notes that his total holdings include 340,418 restricted stock units, or RSUs. RSUs are share-based awards that typically vest over time, giving the executive future rights to receive common stock as part of long-term compensation.