Form 4: Assurant Executive Michael P. Campbell Reports Changes in Beneficial Ownership

Executive Vice President Michael P. Campbell of Assurant, Inc. 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, Michael P. Campbell, an Executive Vice President at Assurant, Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes include the acquisition of 1,777 shares and 4,897 shares upon the vesting of performance share units (PSUs) from the 2021-2023 performance cycle.
• Additionally, he disposed of shares to cover withholding tax obligations related to the PSU vesting, with 396 shares, 252 shares, 240 shares and 2,296 shares being disposed of at a price of $181.16.
• Following these transactions, Campbell's directly owned shares amount to 25,890.37, which includes restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 transactions 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