Horace Mann's Desrochers exercises 7,044 options

Available on EDGAR 11/10/2026 - 05:38 PM EST Accepted by SEC EDGAR 11/10/2026 - 05:37 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Horace Mann Educators Corp Senior Vice President Mark R. Desrochers exercised 7,044 stock options on November 6, 2026, at a $41.95 exercise price, acquiring 7,044 common shares; the reported derivative position after the exercise was zero. In connection with the net exercise, the issuer withheld 6,054 shares for payment of exercise price or tax liability. Desrochers also donated 3,170 common shares as a gift to a donor advised fund.

Insider Trade Summary

7,044 shares exercised/converted

Exercise 4 txns

Insider Desrochers Mark R

Role Senior Vice President

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	7,044	$0.00	$0.00
Gift	Common Stock F1	3,170	$0.00	$0.00
Exercise	Common Stock	7,044	$41.95	$295K
Exercise Price or Tax Liability	Common Stock F2	6,054	$53.17	$322K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 options (Direct); Common Stock — 23,479 shares (Direct)

Holdings Before and After: Employee Stock Option (right to buy), 7,044 to 0 options (Direct); Common Stock, 25,659 to 23,479 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock that the reporting person donated as a gift to a donor advised fund.
2. F2. 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.

Key Figures

Options exercised: 7,044 options Exercise price: $41.95 per share Common shares acquired: 7,044 shares +3 more

6 metrics

Options exercised 7,044 options November 6, 2026

Exercise price $41.95 per share Options exercised on November 6, 2026

Common shares acquired 7,044 shares November 6, 2026

Shares withheld for payment of exercise price or tax liability 6,054 shares Net exercise on November 6, 2026

Common shares donated 3,170 shares Gift to a donor advised fund on November 6, 2026

Reported derivative position after exercise 0 options November 6, 2026

Key Terms

Employee Stock Option (right to buy), net exercise, donor advised fund

3 terms

Employee Stock Option (right to buy) financial

"Employee Stock Option (right to buy)"

net exercise financial

"in connection with a net exercise of stock options"

A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.

donor advised fund financial

"donated as a gift to a donor advised fund"

A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HMN stock options did Mark R. Desrochers exercise?

Mark R. Desrochers exercised 7,044 options on November 6, 2026, at a $41.95 exercise price, acquiring 7,044 common shares. The reported derivative position after the exercise was zero.

How many HMN shares did Mark R. Desrochers donate?

Mark R. Desrochers donated 3,170 common shares as a gift to a donor advised fund on November 6, 2026.

Why were shares withheld in Mark R. Desrochers's HMN option exercise?

The issuer withheld 6,054 shares in connection with a net exercise of stock options to satisfy the exercise price and applicable tax withholding obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Desrochers Mark R

(Last) (First) (Middle)

1 HORACE MANN PLAZA

(Street)

SPRINGFIELD ILLINOIS 62715

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026

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

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

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

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	11/06/2026		G(1)		3,170	D	$0	22,489	D
Common Stock	11/06/2026		M		7,044	A	$41.95	29,533	D
Common Stock	11/06/2026		F		6,054(2)	D	$53.17	23,479	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
Employee Stock Option (right to buy)	$41.95	11/06/2026		M			7,044	03/07/2021	03/07/2027	Common Stock	7,044	$0	0	D

Explanation of Responses:

1. Represents shares of Common Stock that the reporting person donated as a gift to a donor advised fund.

2. 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.

Remarks:

	Linea Crouse, Attorney in Fact for Mark Desrochers	11/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)