Form 4: Assurant EVP, CFO Keith Meier Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Keith Meier, EVP and CFO of Assurant, Inc., reports transactions involving Assurant common stock, including acquisitions from restricted stock units and performance share units, as well as dispositions to cover withholding obligations.
Summary
- On March 16, 2025, Keith Meier, the EVP and CFO of Assurant, Inc., reported changes in his beneficial ownership of Assurant common stock.
- These changes include the acquisition of 3,196 shares from restricted stock units and 8,268 shares from performance share units (PSUs) vesting based on performance during the 2022-2024 cycle.
- Meier also disposed of shares to satisfy withholding obligations, including 301 shares, 588 shares, 496 shares, 206 shares, and 3,700 shares, all at a price of $211.2.
- Following these transactions, Meier directly owns 29,340.989 shares of Assurant common stock and indirectly owns 787.238 shares through the 401(k) plan as of December 31, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to stock-based compensation and tax obligations. The vesting of performance share units is a slightly positive indicator.
Positives
- The vesting of performance share units indicates that performance targets were met during the 2022-2024 cycle.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and alignment with company performance.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency of insider transactions.
- The transactions reported are typical for executives receiving stock-based compensation and managing their holdings.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 2022-2024 | Performance cycle for performance share units. |
| 2024-12-31 | Date of 401(k) plan holdings. |
| 2025-03-16 | Date of stock transactions. |
| 2025-03-18 | Date of signature for the report. |
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