[Form 4] HORACE MANN EDUCATORS CORP /DE/ Insider Trading Activity

Rhea-AI Filing Summary

Derik Tyson Sanders, Senior Vice President at Horace Mann Educators Corp (HMN), was granted 1,084 restricted stock units on 09/23/2025. The award is recorded as an acquisition at a $0 price and will vest on 09/23/2027, meaning the shares are not yet owned outright and will convert to common stock if and when vesting conditions are met. The Form 4 indicates no shares beneficially owned immediately following the transaction and the filing was signed on behalf of Mr. Sanders by an attorney-in-fact on 09/25/2025.

Positive

• Officer received 1,084 RSUs, aligning senior executive incentives with shareholder outcomes if vesting conditions are met
• Grant is time-based with a two-year vesting schedule (vests 09/23/2027), supporting retention

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Routine executive equity grant aligns officer incentives with shareholders but appears immaterial in size.

The reported 1,084 restricted stock units vesting in two years is a common form of long-term compensation for senior officers and supports alignment of executive incentives with shareholder value over time. The Form 4 shows the award was granted at no cash price and is unvested, which is consistent with compensation contingencies. There is no indication of accelerated vesting, related-party transactions, or immediate dilution effects in this filing. Impact on governance is standard and procedural.

Executive Compensation Analyst

TL;DR A time-based RSU grant was recorded; it appears to be routine compensation without immediate cash or ownership transfer.

The transaction code and explanation specify the grant is in the form of restricted stock units that vest on 09/23/2027. The reported price of $0 reflects a compensatory award rather than a market purchase. Because beneficial ownership following the transaction is reported as zero, the award remains unvested and will only affect share count and officer ownership upon vesting and conversion to common stock. No additional compensation details (target dollar value or grant rationale) are provided in the filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Sanders Derik Tyson

(Last) (First) (Middle)

6275 WEST PLANO PARKWAY, SUITE 300

(Street)

PLANO TX 75093

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HORACE MANN EDUCATORS CORP /DE/ [ HMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	09/23/2025		A		1,084	A	$0	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The acquisition of Common Stock reported hereby is in the form of restricted stock units which will vest on September 23, 2027.

Remarks:

	Linea K. Michael, Attorney in Fact for D. Tyson Sanders	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did HMN insider Derik Tyson Sanders report on Form 4?

The filing reports an acquisition of 1,084 restricted stock units (RSUs) on 09/23/2025 that vest on 09/23/2027.

Did Mr. Sanders pay for the shares reported on the Form 4 (HMN)?

No. The transaction is reported at a $0 price, indicating a compensatory award rather than a market purchase.

Are the granted RSUs immediately owned by the reporting person (HMN)?

No. The filing indicates 0 shares beneficially owned following the reported transaction, so the RSUs are unvested and not yet owned outright.

When will the restricted stock units vest for HMN's reporting person?

The RSUs are scheduled to vest on 09/23/2027 per the Form 4 explanation.

Who signed the Form 4 for Derik Tyson Sanders (HMN)?

The Form 4 was signed by Linea K. Michael, Attorney in Fact for D. Tyson Sanders on 09/25/2025.