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

Robert Lonergan, Chief Marketing & Risk Officer EVP at Assurant, Inc., reports transactions involving common stock, including acquisitions and disposals to cover withholding obligations, resulting from vesting of restricted stock units and performance share units.

Summary

• On March 16, 2025, Robert Lonergan, Chief Marketing & Risk Officer EVP of Assurant, Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes include the acquisition of 1,657 shares of common stock through restricted stock units and 6,189 shares and 8,905 shares through vesting of performance share units (PSUs) based on the 2022-2024 performance cycle.
• Lonergan also disposed of 225, 353, 246, 2,769 and 3,813 shares to satisfy withholding obligations upon the PSU vesting, all at a price of $211.2.
• Following these transactions, Lonergan directly owns 29,231.372 shares of Assurant common stock, which includes restricted stock units and shares acquired under the Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of PSUs is a positive sign, but the sale of shares to cover taxes is a standard procedure.

Positives

• The vesting of performance share units indicates that performance goals were met during the 2022-2024 cycle.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and performance share units, are common across the insurance industry.
• Companies like MetLife, Prudential Financial, and AIG also utilize similar equity-based compensation plans to align executive incentives with shareholder value.
• The vesting of PSUs based on performance metrics is a standard practice to reward executives for achieving specific financial or strategic goals.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of the executive's compensation package.
• The vesting of PSUs could be seen as a positive signal to shareholders, indicating that the company has met certain performance targets.

Key Dates