Tax-driven share disposition by Hippo Holdings (HIPO) CEO McCathron
Rhea-AI Filing Summary
Hippo Holdings Inc. director and Chief Executive Officer Richard McCathron reported a tax-withholding disposition of common stock under an equity award. On this transaction, 11,586 shares of common stock were disposed of at an average price of $28.5919 per share to cover tax obligations. Following this administrative transaction, McCathron’s direct holdings total 431,118 shares of Hippo common stock, which the filing notes include 154,336 restricted stock units (RSUs) that are subject to vesting conditions.
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Insights
CEO’s Form 4 shows routine tax withholding, not an open-market sale.
The filing shows Hippo’s CEO, Richard McCathron, disposed of 11,586 common shares at $28.5919 per share through a tax-withholding mechanism tied to an equity award. Code F transactions typically reflect shares withheld by the company to satisfy tax liabilities.
Because this is a tax-withholding disposition rather than a discretionary market sale, it is usually viewed as an administrative part of equity compensation. After the transaction, McCathron continues to hold 431,118 shares, including 154,336 RSUs, so his overall exposure to Hippo’s equity remains substantial.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 11,586 | $28.5919 | $331K |
Footnotes (1)
- F1. Includes 154,336 RSUs.
FAQ
What did Hippo Holdings (HIPO) disclose in this Form 4 for its CEO?
What does the footnote about RSUs mean in Hippo Holdings’ Form 4?
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