Form 4: Assurant Executive Robert Lonergan Reports Changes in Beneficial Ownership

Robert Lonergan, Chief Marketing & Risk Officer EVP at Assurant, Inc., reports acquisition and disposal of common stock and vesting of performance share units.

Summary

• Robert Lonergan, an executive at Assurant, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 16, 2024, Lonergan acquired 1,646 shares of common stock at $0, likely through vesting of stock options or similar grants.
• On the same date, he disposed of 354 shares at $181.16, 273 shares at $181.16, and 226 shares at $181.16, likely to cover tax obligations.
• Lonergan also acquired 6,278 shares at $0 due to the vesting of performance share units (PSUs) based on performance during the 2021-2023 cycle.
• Additionally, 2,632 shares were withheld at $181.16 to satisfy withholding obligations related to the PSU vesting.
• Following these transactions, Lonergan's directly held beneficial ownership stands at 22,486.314 shares, which includes restricted stock units and 66.221 shares acquired under the Employee Stock Purchase Plan on December 31, 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and does not contain any overtly positive or negative information about the company's performance or future prospects.

Positives

• The vesting of performance share units suggests that performance goals were met during the 2021-2023 cycle, which could be seen as a positive indicator for the company's performance.

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 for signals about management's confidence in the company's prospects.

Stakeholder Impact

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

Key Dates