[Form 4] Horace Mann Educators Corporation Insider Trading Activity

Rhea-AI Filing Summary

Horace Mann Educators Corp. (HMN) – Form 4 filing dated 07/02/2025

EVP & Chief Financial Officer Ryan E. Greenier reported option-related transactions executed on 06/30/2025.

• Option exercise (Code M): 1,499 employee stock options (exercise price $31.01) were converted into an equal number of common shares.
• Share withholding for taxes (Code F): 1,082 of the newly acquired shares were immediately disposed of at $42.93 to satisfy tax obligations under the 2010 Comprehensive Executive Compensation Plan.
• Net share change: Greenier’s direct ownership increased by 417 shares (1,499 acquired – 1,082 withheld).
• Post-transaction holdings: 8,738 common shares held directly (7,644 common + 1,094 in IRA) and 111 shares held indirectly in the spouse’s IRA.
• Options position: The 1,499-share option grant (dated 03/09/2020, expiring 03/09/2026) was fully exercised, leaving 0 derivative securities outstanding.

The filing shows a modest increase in insider equity ownership with no open derivative exposure remaining. All sales were tax-related rather than discretionary market sales, limiting negative interpretation.

Insights

Securities Analyst

TL;DR – CFO exercised expiring options, net +417 shares; tax-related sales, neutral signal.

The filing is routine: Greenier converted 1,499 in-the-money options at $31.01 while HMN traded around $42.93. After selling 1,082 shares for tax withholding, he retains 417 additional shares and now owns 8,738 shares directly plus 111 indirectly. No discretionary open-market sale occurred, and his derivative exposure is eliminated one year before option expiration. This modest ownership increase can be viewed as slightly confidence-building but not materially impactful for HMN’s valuation or liquidity. Overall market reaction should be minimal.

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

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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^*

Greenier Ryan E

(Last) (First) (Middle)

1 HORACE MANN PLAZA

(Street)

SPRINGFIELD IL 62715

(City) (State) (Zip)

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)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

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

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	06/30/2025		M		1,499	A	$31.01	9,820(1)	D
Common Stock	06/30/2025		F		1,082(2)	D	$42.93	8,738(3)	D
Common Stock								111(4)	I	By Spouse

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)	$31.01	06/30/2025		M			1,499	03/09/2020	03/09/2026	Common Stock	1,499	$0	0	D

Explanation of Responses:

1. Represents 8,726 shares of Common Stock and 1,094 shares held in the Reporting Person's IRA.

2. Disposition of pre-owned shares to satisfy exercise pursuant to the 2010 Comprehensive Executive Compensation Plan as amended and restated.

3. Represents 7,644 shares of Common Stock and 1,094 shares held in the Reporting Person's IRA.

4. Represents shares held in Spouse's IRA.

Remarks:

	Linea K. Michael, Attorney in Fact for Ryan E. Greenier	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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