Horace Mann (HMN) director receives 2,780 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KONEN MARK E reported acquisition or exercise transactions in this Form 4 filing.
Horace Mann Educators Corp. director Mark E. Konen received a grant of 2,780 restricted stock units of Common Stock as compensation for services. The units were valued at $46.77 per share on the grant date and will vest in full on May 20, 2027.
After this award, Konen’s direct holdings total 25,410.129 shares, consisting of 22,173.129 vested restricted stock units and 3,237 shares of Common Stock. This is a compensation-related equity grant, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KONEN MARK E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,780 | $46.77 | $130K |
Holdings After Transaction:
Common Stock — 25,410.129 shares (Direct, null)
Footnotes (1)
- The acquisition of Common Stock reported hereby is in the form of restricted stock units which will vest in full on May 20, 2027. Granted as compensation for services. Represents 22,173.129 vested restricted stock units and 3,237 shares of Common Stock.
Key Figures
RSU grant size: 2,780 restricted stock units
Grant value per share: $46.77 per share
Total holdings after award: 25,410.129 shares-related interests
+3 more
6 metrics
RSU grant size
2,780 restricted stock units
Equity award to director on May 20, 2026
Grant value per share
$46.77 per share
Reference price for RSU grant
Total holdings after award
25,410.129 shares-related interests
Direct holdings following Form 4 transaction
Vested RSUs held
22,173.129 vested restricted stock units
Component of post-transaction holdings
Common shares held
3,237 shares of Common Stock
Component of post-transaction holdings
Vesting date
May 20, 2027
Full vesting date for 2,780 RSUs
Key Terms
restricted stock units, vest, compensation for services, Common Stock
4 terms
restricted stock units financial
"The acquisition of Common Stock reported hereby is in the form of restricted stock units which will vest in full on May 20, 2027."
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.
vest financial
"restricted stock units which will vest in full on May 20, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
compensation for services financial
"Granted as compensation for services."
Common Stock financial
"Represents 22,173.129 vested restricted stock units and 3,237 shares of Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Horace Mann (HMN) director Mark E. Konen report on this Form 4?
Mark E. Konen reported receiving 2,780 restricted stock units of Horace Mann Common Stock. The award was granted as compensation for services and is structured as equity rather than cash, aligning part of his compensation with shareholder interests over time.
Is the Horace Mann (HMN) transaction by Mark E. Konen a stock purchase or sale?
The transaction is an equity grant, not a market purchase or sale. Konen received 2,780 restricted stock units as compensation, so no open-market buying or selling occurred, and the award will vest in the future rather than being immediately tradable stock.
When will Mark E. Konen’s new restricted stock units in Horace Mann (HMN) vest?
The 2,780 restricted stock units will vest in full on May 20, 2027. Vesting means the units convert into shares he fully owns at that date, encouraging longer-term service and alignment with the company’s performance until that vesting milestone.
What was the reference price for the Horace Mann (HMN) restricted stock unit grant?
The grant was reported at a reference value of $46.77 per share. This price is typically used for reporting and accounting of the 2,780 restricted stock units, helping determine the grant’s total fair value at the time it was awarded.