Form 4: Assurant CEO Keith Demmings Reports Stock Transactions
SEC Form 4 Filing
Keith Demmings, President and CEO of Assurant, Inc., reports acquisition and disposal of company stock on March 16, 2024, according to a Form 4 filing.
Summary
- On March 16, 2024, Keith Demmings, the President and CEO of Assurant, Inc., engaged in transactions involving the company's common stock.
- Demmings acquired 10,764 shares of common stock at $0, and 7,699 shares of common stock at $0.
- He also disposed of shares to cover tax obligations: 2,189 shares, 1,072 shares, 334 shares, and 3,453 shares all at $181.16.
- Following these transactions, Demmings beneficially owns 78,188.97 shares of Assurant common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to compensation and tax obligations, which are routine.
Positives
- The acquisition of shares upon vesting of performance share units indicates achievement of performance goals.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-2023 | Performance cycle for performance share units (PSUs). |
| 2023-12-31 | Date of acquisition of 66.221 shares under the Assurant, Inc. Amended and Restated 2004 Employee Stock Purchase Plan (ESPP). |
| 2024-03-16 | Date of stock transactions: acquisition and disposal of shares. |
| 2024-03-19 | Date of signature by Attorney-in-Fact. |
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