HMN (HMN) CEO exercises 141,956 options and holds enlarged equity stake
Rhea-AI Filing Summary
Horace Mann Educators Corp. President & CEO Marita Zuraitis exercised employee stock options for 141,956 shares of common stock on June 24, 2026 at exercise prices of $42.95 and $41.95 per share. The exercise was made under a pre-arranged Rule 10b5-1 trading plan and structured as an exercise-and-hold, meaning she retained the acquired equity exposure.
To cover the option exercise price and related tax obligations, the issuer withheld 129,143 shares at $50.75 per share as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 314,557.55 equity-linked units, consisting of 215,890.55 vested restricted stock units and 104,734 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 12,813 shares
Net Buy
6 txns
Insider
ZURAITIS MARITA
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 70,424 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 71,532 | $0.00 | $0.00 |
| Exercise | Common Stock | 70,424 | $41.95 | $2.95M |
| Exercise Price or Tax Liability | Common Stock | 63,678 | $50.75 | $3.23M |
| Exercise | Common Stock | 71,532 | $42.95 | $3.07M |
| Exercise Price or Tax Liability | Common Stock | 65,465 | $50.75 | $3.32M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 320,624.55 shares (Direct)
Footnotes (6)
- F1. The stock option exercise reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted by the Reporting Person on December 23, 2025, and this is an exercise and hold.
- F2. Represents 215,890.550 vested restricted stock units and 162,345 shares of Common Stock.
- F3. Shares were withheld by the issuer in connection with a net exercise of stock options to satisfy the exercise price and applicable tax withholding obligations.
- F4. Represents 215,890.550 vested restricted stock units and 98,667 shares of Common Stock.
- F5. Represents 215,890.550 vested restricted stock units and 170,199 shares of Common Stock.
- F6. Represents 215,890.550 vested restricted stock units and 104,734 shares of Common Stock.
Key Figures
Options exercised: 141,956 shares
Tax-withholding shares: 129,143 shares
Exercise price 1: $42.95/share
+5 more
8 metrics
Options exercised
141,956 shares
Employee stock options exercised on June 24, 2026
Tax-withholding shares
129,143 shares
Shares withheld by issuer at $50.75 to cover price and taxes
Exercise price 1
$42.95/share
71,532 employee stock options exercised into common stock
Exercise price 2
$41.95/share
70,424 employee stock options exercised into common stock
Withholding price
$50.75/share
Price used for issuer share withholding for taxes
Post-transaction equity units
314,557.55 units
Direct holdings after transactions, including RSUs and common stock
Vested RSUs held
215,890.55 units
Vested restricted stock units included in post-transaction position
Common shares held
104,734 shares
Direct common stock holdings after June 24, 2026 transactions
Key Terms
Rule 10b5-1 trading plan, exercise and hold, vested restricted stock units, net exercise of stock options, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The stock option exercise 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.
exercise and hold financial
"...adopted by the Reporting Person on December 23, 2025, and this is an exercise and hold."
vested restricted stock units financial
"Represents 215,890.550 vested restricted stock units and 162,345 shares of Common Stock."
net exercise of stock options financial
"Shares were withheld by the issuer in connection with a net exercise of stock options..."
tax withholding obligations financial
"...to satisfy the exercise price and applicable tax withholding obligations."
FAQ
What insider transactions did HMN CEO Marita Zuraitis report on June 24, 2026?
Marita Zuraitis reported exercising employee stock options for 141,956 HMN common shares on June 24, 2026. The filing also shows issuer share withholding to cover the option exercise price and related tax obligations instead of any open-market sale of shares.
Were the June 24, 2026 HMN CEO option exercises under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the stock option exercise was effected under a Rule 10b5-1 trading plan adopted on December 23, 2025. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term views on the stock.
What are the exercise prices and sizes of the HMN options exercised by the CEO?
The CEO exercised 71,532 employee stock options with a $42.95 exercise price and 70,424 options with a $41.95 exercise price. Each option converted into one share of common stock, for a combined 141,956 newly acquired shares through these exercises.
What is the HMN CEO’s direct equity position after these Form 4 transactions?
After the June 24, 2026 transactions, the CEO’s direct position totals 314,557.55 equity-linked units. Footnotes explain this consists of 215,890.55 vested restricted stock units and 104,734 shares of HMN common stock held directly following the option exercises and tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
