Form 4: HCI Group COO Karin Coleman Reports Stock Transactions
SEC Form 4 Filing
Karin Coleman, COO of HCI Group, reports the vesting and tax-related surrender of restricted stock, as well as holdings of additional restricted stock grants.
Summary
- Karin Coleman, the Chief Operating Officer of HCI Group, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 26, 2024, 750 restricted shares vested.
- 223 shares were surrendered to cover federal income tax liability related to the vesting of these 750 shares.
- Following these transactions, Coleman directly owns 46,137.14 shares of HCI Group common stock.
- Coleman also holds restricted stock grants that vest over time or upon the achievement of certain stock price targets.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The vesting of restricted stock indicates continued employment and contribution to the company by the COO.
- The vesting of restricted stock is a regular part of the COO's compensation.
Future Outlook
The document outlines future vesting dates for existing restricted stock grants, including a performance-based grant that vests upon achieving a specific stock price target.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to the COO's stock transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting of restricted stock aligns the COO's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/26/2020 | Effective date of restricted stock grant of 3,500 shares. |
| 05/20/2021 | First vesting date of the 3,500 share restricted stock grant (875 shares). |
| 02/26/2021 | Effective date of restricted stock grant of 3,000 shares and 34,000 shares. |
| 05/20/2022 | Second vesting date of the 3,500 share restricted stock grant (875 shares). |
| 02/26/2022 | First vesting date of the 3,000 share restricted stock grant (750 shares). |
| 05/20/2023 | Third vesting date of the 3,500 share restricted stock grant (875 shares). |
| 02/26/2023 | Second vesting date of the 3,000 share restricted stock grant (750 shares). |
| 02/26/2024 | Date of transaction: Vesting of restricted shares and surrender of shares for tax liability. |
| 05/20/2024 | Fourth vesting date of the 3,500 share restricted stock grant (875 shares). |
| 02/26/2024 | Third vesting date of the 3,000 share restricted stock grant (750 shares). |
| 02/26/2025 | Fourth vesting date of the 3,000 share restricted stock grant (750 shares). |
| 02/28/2024 | Date of Form 4 filing. |
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