Form 4: Assurant Executive Vice President Sells Shares

Michael P. Campbell, EVP and President of Global Housing at Assurant, Inc., sold a significant number of shares in two transactions.

Summary

• On May 20, 2024, Michael P. Campbell sold 1,304 shares of Assurant, Inc. common stock at a weighted average price of $173.3497.
• The shares were sold in multiple transactions with prices ranging from $173.30 to $173.495.
• On May 21, 2024, Campbell sold 9,696 shares at a weighted average price of $171.372.
• These shares were sold in multiple transactions with prices ranging from $170.91 to $171.8875.
• Following these transactions, Campbell beneficially owns 14,890.37 shares, which includes restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating executive share sales. It's neutral in tone and doesn't inherently suggest positive or negative sentiment about the company's performance.

Industry Context

Executive share sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects. However, without additional context, it's difficult to determine the specific reasons behind these transactions.

Comparison to Industry Standards

• Executive stock sales are a normal part of executive compensation.
• Comparing Campbell's transactions to those of executives at similar insurance companies like Progressive (PGR) or Allstate (ALL) would require analyzing their respective Form 4 filings over a comparable period.
• Without further context on Assurant's performance or Campbell's personal financial situation, it's difficult to assess whether these sales are unusual.

Stakeholder Impact

• Shareholders may interpret executive share sales in various ways, potentially affecting investor confidence.
• The impact on employees, customers, suppliers, and creditors is likely minimal unless the sales indicate a significant change in the company's financial health or strategic direction.

Key Dates