Form 4: Assurant Executive Biju Nair Reports Stock Disposal

EVP Biju Nair disposed of 74 shares of Assurant, Inc. common stock on October 1, 2024, to cover tax obligations.

Summary

• On October 1, 2024, Biju Nair, EVP at Assurant, Inc., disposed of 74 shares of common stock.
• The transaction was executed at a price of $199.22 per share.
• Following the transaction, Nair directly owns 23,658.345 shares of Assurant, Inc.
• This includes restricted stock units and shares acquired under the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure. The sentiment is neutral as it reflects a standard practice of executives selling shares for tax purposes.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Berkshire Hathaway, Apple, and Microsoft also have their executives and directors file Form 4s when they engage in transactions involving their company's stock.
• The specifics of each filing, such as the number of shares traded and the transaction price, are unique to the individual and the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates