Horace Mann (NYSE: HMN) SVP receives 3,825-share fully vested stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horace Mann Educators Corp. Senior Vice President Mark R. Desrochers reported acquiring 3,825.559 shares of common stock on March 4, 2026 through a fully vested restricted stock unit award at no cash cost per share. Following this grant, his directly held stake increased to 24,381.559 shares, consisting of 3,825.559 vested restricted stock units and 20,556 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Desrochers Mark R
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,825.559 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,381.559 shares (Direct)
Footnotes (1)
- The acquisition of Common Stock reported hereby is in the form of restricted stock units which are fully vested. Represents 3,825.559 vested restricted stock units and 20,556 shares of Common Stock.
FAQ
What insider transaction did HMN executive Mark R. Desrochers report?
Mark R. Desrochers reported acquiring 3,825.559 shares of Horace Mann common stock through a fully vested restricted stock unit award. The transaction used Form 4 and reflects a non-cash grant, not an open-market purchase, increasing his direct ownership in the company.
Was the HMN Form 4 transaction by Mark R. Desrochers a stock purchase or an award?
The Form 4 transaction for Horace Mann’s Mark R. Desrochers was an award, not a purchase. He received 3,825.559 shares in the form of fully vested restricted stock units, reported with a per-share price of 0.0000, indicating no cash payment for the acquisition.
What does the transaction code “A” mean in the HMN Form 4 filing?
In this Horace Mann Form 4, the transaction code “A” indicates a grant, award, or other acquisition of common stock. Specifically, it reflects a fully vested restricted stock unit award of 3,825.559 shares to executive Mark R. Desrochers, rather than an open-market trade.
Are the new HMN restricted stock units for Mark R. Desrochers vested?
Yes, the restricted stock units are fully vested. A footnote explicitly states the acquisition of common stock was in the form of restricted stock units which are fully vested, meaning they are not subject to additional vesting conditions at the time of reporting.