Horace Mann counsel Carley sells 3,551 shares

Available on EDGAR 11/10/2026 - 05:35 PM EST Accepted by SEC EDGAR 11/10/2026 - 05:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Horace Mann Educators Corp. (HMN) General Counsel Donald M. Carley exercised options for 12,952 common shares on November 6, 2026, at a $41.95 exercise price. In same-day transactions, the issuer withheld 11,021 shares, reported at $53.17 per share, in the net exercise to satisfy the exercise price and applicable tax withholding obligations; Carley sold 3,551 common shares at $52.00 per share. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Carley Donald M

Role General Counsel

Sold 3,551 shs ($185K)

Approx. gross sale proceeds $185K

Approx. exercise cost $543K

Share of Position Sold 12.3%

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	12,952	$0.00	$0.00
Sale	Common Stock F1	3,551	$52.00	$185K
Exercise	Common Stock F2	12,952	$41.95	$543K
Exercise Price or Tax Liability	Common Stock F3, F4	11,021	$53.17	$586K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 options (Direct); Common Stock — 27,325.284 shares (Direct)

Holdings Before and After: Employee Stock Option (right to buy), 12,952 to 0 options (Direct); Common Stock, 28,945.284 to 27,325.284 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (4)

1. F1. Represents 23,119.284 vested restricted stock units and 2,275 shares of Common Stock.
2. F2. Represents 23,119.284 vested restricted stock units and 15,227 shares of Common Stock.
3. F3. 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.
4. F4. Represents 23,119.284 vested restricted stock units and 4,206 shares of Common Stock.

Key Figures

Common shares acquired on option exercise: 12,952 shares Exercise price: $41.95 per share Common shares sold: 3,551 shares +3 more

6 metrics

Common shares acquired on option exercise 12,952 shares Donald M. Carley; November 6, 2026

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

Common shares sold 3,551 shares November 6, 2026

Sale price $52.00 per share Donald M. Carley's November 6, 2026 sale

Shares withheld 11,021 shares Net exercise to satisfy the exercise price and applicable tax withholding obligations

Reported price for withheld shares $53.17 per share Issuer withholding transaction on November 6, 2026

Key Terms

net exercise, vested restricted stock units, exercise price, tax withholding obligations

4 terms

net exercise technical

"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.

vested restricted stock units financial

"vested restricted stock units"

exercise price financial

"to satisfy the exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

tax withholding obligations financial

"applicable tax withholding obligations"

FAQ

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

How many HMN shares did General Counsel Donald M. Carley sell?

Donald M. Carley sold 3,551 common shares at $52.00 per share on November 6, 2026. The same-day transactions also included an option exercise and the issuer's withholding of shares in the net exercise. No Rule 10b5-1 plan is reported.

How many HMN options did General Counsel Donald M. Carley exercise?

He exercised options for 12,952 common shares at an exercise price of $41.95 per share on November 6, 2026. The issuer withheld 11,021 shares in connection with the net exercise to satisfy the exercise price and applicable tax withholding obligations.

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

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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^*

Carley Donald M

(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)
	General Counsel

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		S		3,551	D	$52	25,394.284(1)	D
Common Stock	11/06/2026		M		12,952	A	$41.95	38,346.284(2)	D
Common Stock	11/06/2026		F		11,021(3)	D	$53.17	27,325.284(4)	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			12,952	03/07/2021	03/07/2027	Common Stock	12,952	$0	0	D

Explanation of Responses:

1. Represents 23,119.284 vested restricted stock units and 2,275 shares of Common Stock.

2. Represents 23,119.284 vested restricted stock units and 15,227 shares of Common Stock.

3. 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.

4. Represents 23,119.284 vested restricted stock units and 4,206 shares of Common Stock.

Remarks:

	Linea K. Crouse, Attorney in Fact for Donald M. Carley	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)