Pre-planned sale trims Horace Mann (NYSE: HMN) CEO stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horace Mann Educators Corp. President & CEO Marita Zuraitis sold 7,500 shares of Common Stock in an open-market transaction on April 23, 2026 at a weighted average price of about $46.16 per share, with individual trades ranging from $46.00 to $46.36.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Zuraitis on December 23, 2025. After this transaction, she directly holds a total of 322,811.55 shares, consisting of 215,890.55 vested restricted stock units and 106,921 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($346,215)
Net Sell
1 txn
Insider
ZURAITIS MARITA
Role
President & CEO
Sold
7,500 shs ($346K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $46.162 | $346K |
Holdings After Transaction:
Common Stock — 322,811.55 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted by the Reporting Person on December 23, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.00 to $46.36. Represents 215,890.550 vested restricted stock units and 106,921 shares of Common Stock.
Key Figures
Shares sold: 7,500 shares
Average sale price: $46.16 per share
Shares held after transaction: 322,811.55 shares
+3 more
6 metrics
Shares sold
7,500 shares
Open-market sale on April 23, 2026
Average sale price
$46.16 per share
Weighted average, trades from $46.00 to $46.36
Shares held after transaction
322,811.55 shares
Direct holdings following reported sale
Vested RSUs held
215,890.55 units
Vested restricted stock units included in post-sale holdings
Common Stock held
106,921 shares
Common Stock portion of post-sale holdings
10b5-1 plan adoption date
December 23, 2025
Date CEO adopted Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, vested restricted stock units, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
vested restricted stock units financial
"Represents 215,890.550 vested restricted stock units and 106,921 shares of Common Stock."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Horace Mann (HMN) CEO Marita Zuraitis report?
Marita Zuraitis reported selling 7,500 Horace Mann shares. She executed an open-market sale of Common Stock on April 23, 2026, at a weighted average price of about $46.16 per share, under a pre-arranged Rule 10b5-1 trading plan.
What type of security did the Horace Mann (HMN) CEO sell in this Form 4?
The transaction involved Horace Mann Common Stock. Marita Zuraitis disposed of 7,500 shares of the company’s Common Stock in an open-market sale, while retaining a combination of vested restricted stock units and additional Common Stock holdings afterward.