Form 4: Assurant Executive Biju Nair Sells 3,000 Shares

Biju Nair, EVP at Assurant, sold 3,000 shares of common stock at a weighted average price of $209.1773.

Summary

• Biju Nair, an Executive Vice President at Assurant, sold 3,000 shares of Assurant common stock on November 8, 2024.
• The sale was executed at a weighted average price of $209.1773 per share.
• The shares were sold in multiple transactions with prices ranging from $208.81 to $209.45.
• Following the transaction, Mr. Nair beneficially owns 20,658.345 shares, which includes restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate executives who trade company stock. It provides transparency into insider transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transaction is typical for executives managing their personal portfolios and is not unusual in the context of corporate governance.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but is unlikely to have a significant effect on other stakeholders.

Key Dates

Keywords

Assurant, stock sale, executive, Biju Nair, share transaction, insider trading, equity