Horace Mann (HMN) CEO preplanned sale leaves 315K shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horace Mann Educators President & CEO Marita Zuraitis reported open‑market sales of a total of 7,081 shares of Common Stock. She sold 6,815 shares on May 1, 2026 and 266 shares on May 4, 2026 at weighted average prices around $46 per share.
The transactions were effected under a Rule 10b5-1 trading plan adopted on December 23, 2025. After these sales, she holds 315,730.550 shares directly, consisting of 215,890.550 vested restricted stock units and 99,840 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,081 shares ($326,879)
Net Sell
2 txns
Insider
ZURAITIS MARITA
Role
President & CEO
Sold
7,081 shs ($327K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 266 | $46.157 | $12K |
| Sale | Common Stock | 6,815 | $46.163 | $315K |
Holdings After Transaction:
Common Stock — 315,730.55 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted by the Reporting Person on December 23, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.00 to $46.30. Represents 215,890.550 vested restricted stock units and 100,106 shares of Common Stock. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.06 to $46.29. Represents 215,890.550 vested restricted stock units and 99,840 shares of Common Stock.
Key Figures
Shares sold May 1, 2026: 6,815 shares at $46.163
Shares sold May 4, 2026: 266 shares at $46.157
Total shares sold: 7,081 shares
+3 more
6 metrics
Shares sold May 1, 2026
6,815 shares at $46.163
Open-market sale of Common Stock
Shares sold May 4, 2026
266 shares at $46.157
Open-market sale of Common Stock
Total shares sold
7,081 shares
Net shares sold across two transactions
Shares held after transactions
315,730.550 shares
Direct holdings following sales
Vested RSUs held
215,890.550 units
Vested restricted stock units included in holdings
Common Stock held
99,840 shares
Common shares included in post-transaction holdings
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"Represents 215,890.550 vested restricted stock units and 100,106 shares of Common Stock."
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.
FAQ
Was the Horace Mann (HMN) CEO stock sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by Marita Zuraitis on December 23, 2025. Such prearranged plans automate trades according to preset instructions, reducing the significance of short‑term timing decisions.
What portion of the Horace Mann (HMN) CEO’s holdings were sold in this Form 4?
The Form 4 shows sales of 7,081 shares while 315,730.550 shares remain held afterward. This indicates only a small fraction of her reported combined holdings of vested restricted stock units and Common Stock was sold in these open‑market transactions.
What do the footnotes about weighted average prices mean in the Horace Mann (HMN) Form 4?
The footnotes explain that the reported sale prices are weighted averages from multiple trades. For each date, shares were sold in several transactions within stated price ranges, and the average of those individual prices is what appears in the Form 4’s price column.