Form 4: HCI Group Director Sanjay Madhu Receives Restricted Stock Grant
SEC Form 4 Filing
Director Sanjay Madhu receives 750 shares of restricted stock in HCI Group, Inc.
Summary
- Sanjay Madhu, a director of HCI Group, Inc., reported a transaction on June 12, 2024, where he acquired 750 shares of common stock.
- These shares were granted as restricted stock under the company's 2012 Omnibus Incentive Plan.
- The restricted shares will vest on May 22, 2025.
- Following the transaction, Madhu directly owns 11,238 shares and indirectly owns 44,303 shares through a self-directed IRA and Universal Finance & Investments, LLC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the sentiment is neutral.
Positives
- The grant of restricted stock aligns the director's interests with the long-term performance of the company.
Future Outlook
NA
Industry Context
This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the transactions of company directors and officers.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Sanjay Madhu acquired 750 shares of common stock as a restricted stock grant. |
| 05/22/2025 | Vesting date for the 750 restricted shares. |
| 06/14/2024 | Date of Form 4 filing. |
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