Form 4: Assurant Executive Jay Rosenblum Reports Stock Transactions

EVP and CLO of Assurant, Jay Rosenblum, reports acquisition and disposal of company stock, including shares from vested performance share units and shares withheld for tax obligations.

Summary

• On March 16, 2024, Jay Rosenblum, EVP and CLO of Assurant, reported transactions involving Assurant's common stock.
• Rosenblum acquired 1,449 shares of common stock at $0, and an additional 4,780 shares upon vesting of performance share units (PSUs) based on performance during the 2021-2023 cycle.
• He disposed of 334, 224 and 200 shares at $181.16, respectively.
• Additionally, 2,028 shares were withheld to cover withholding tax obligations related to the PSU vesting at $181.16.
• Following these transactions, Rosenblum beneficially owns 11,010 shares, including restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reports routine stock transactions related to executive compensation and tax obligations. The vesting of PSUs is a slightly positive indicator.

Positives

• The acquisition of 4,780 shares indicates vesting of performance share units, suggesting the company met certain performance targets during the 2021-2023 cycle.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates