Form 4: HCI Group COO Karin Coleman Reports Share Transactions Following Vesting of Restricted Stock
SEC Form 4 Filing
Karin Coleman, COO of HCI Group, reports the surrender of 223 shares to cover tax liabilities associated with the vesting of restricted stock, leaving her with 24,325.14 directly owned shares and 34,000 indirectly owned shares.
Summary
- Karin Coleman, the Chief Operating Officer of HCI Group, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 26, 2025, she surrendered 223 shares of common stock to cover federal tax liabilities related to the vesting of 750 restricted shares.
- The shares were surrendered at a price of $121.33.
- Following the transaction, Coleman directly owns 24,325.14 shares of common stock.
- She also indirectly owns 34,000 restricted shares that will vest if the company's stock price reaches or exceeds $140 for 30 consecutive days.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The vesting of the remaining 34,000 restricted shares is contingent on the company's stock price reaching or exceeding $140 for 30 consecutive days.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Effective date of restricted stock grants of 3,000 and 34,000 shares. |
| 02/26/2022 | First vesting date of 750 shares from the 3,000 share restricted stock grant. |
| 02/26/2023 | Second vesting date of 750 shares from the 3,000 share restricted stock grant. |
| 02/26/2024 | Third vesting date of 750 shares from the 3,000 share restricted stock grant. |
| 02/26/2025 | Date of transaction: Surrender of 223 shares for tax liability and final vesting date of 750 shares from the 3,000 share restricted stock grant. |
| 03/06/2025 | Date of Form 4 filing. |
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