Form 4: Assurant Executive Francesca Luthi Reports Stock Transactions

Francesca Luthi, EVP and COO of Assurant, Inc., reports the acquisition and disposal of company stock on March 16, 2024, following the vesting of performance share units.

Summary

• On March 16, 2024, Francesca Luthi, EVP and COO of Assurant, Inc., reported transactions involving Assurant's common stock.
• These transactions included the acquisition of 2,415 shares and 1,035 shares at $0, as well as 6,592 shares related to vesting performance share units (PSUs).
• Luthi also disposed of shares to cover withholding obligations, specifically 434 shares, 281 shares, and 249 shares at a price of $181.16.
• A further 2,787 shares were withheld to satisfy withholding obligations upon the PSU vesting.
• Following these transactions, Luthi beneficially owns 17,423 shares, which includes restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments.

Positives

• The vesting of performance share units indicates that performance goals were met during the 2021-2023 performance cycle.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates