Horace Mann (HMN) CEO logs Rule 10b5-1 sale of 7,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horace Mann Educators Corp. President and CEO Marita Zuraitis reported an open-market sale of 7,500 shares of common stock. The shares were sold at a weighted average price of about $52.62, through multiple trades between $51.55 and $52.90, under a Rule 10b5-1 trading plan adopted on December 23, 2025.
After the sale, she directly holds 314,629.305 shares, consisting of 217,395.305 vested restricted stock units and 97,234 shares of common stock, indicating she retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($394,613)
Net Sell
1 txn
Insider
ZURAITIS MARITA
Role
President & CEO
Sold
7,500 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $52.615 | $395K |
Holdings After Transaction:
Common Stock — 314,629.305 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 $51.55 to $52.90. Represents 217,395.305 vested restricted stock units and 97,234 shares of Common Stock.
Key Figures
Shares sold: 7,500 shares
Weighted average sale price: $52.615 per share
Sale price range: $51.55 to $52.90
+5 more
8 metrics
Shares sold
7,500 shares
Open-market sale of common stock
Weighted average sale price
$52.615 per share
Aggregate price for 7,500 shares sold
Sale price range
$51.55 to $52.90
Multiple transactions within this range
Shares held after transaction
314,629.305 shares
Direct holdings following sale
Vested RSUs held
217,395.305 units
Part of post-transaction holdings
Common shares held
97,234 shares
Non-RSU component of holdings after sale
Net share direction
-7,500 shares
Net-sell activity in this Form 4
10b5-1 plan adoption date
December 23, 2025
Date CEO adopted trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units
3 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 on December 23, 2025."
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.
restricted stock units financial
"Represents 217,395.305 vested restricted stock units and 97,234 shares of Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider transaction did Horace Mann (HMN) disclose for CEO Marita Zuraitis?
Horace Mann disclosed that CEO Marita Zuraitis sold 7,500 shares of common stock in an open-market transaction. The sale was executed under a pre-established Rule 10b5-1 trading plan and reported on a Form 4 insider filing.
Was the Horace Mann (HMN) CEO stock sale under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by Marita Zuraitis on December 23, 2025. Such plans pre-schedule trades, reducing the significance of short-term market timing concerns.
What type of Form 4 transaction did Horace Mann (HMN) report for its CEO?
The Form 4 reports a non-derivative open-market sale of common stock, coded as an “S” transaction. It reflects 7,500 shares sold directly by CEO Marita Zuraitis, rather than derivative exercises or tax-withholding-related dispositions.