Form 4: HCI Group Executive Anthony Saravanos Reports Share Transactions

Anthony Saravanos, Division President of HCI Group, reports the disposition of shares to cover tax liabilities and details of restricted stock grants.

Summary

• On February 26, 2025, Anthony Saravanos, Division President of HCI Group, surrendered 223 shares of common stock to cover federal tax liabilities at a price of $121.33 per share.
• Following the transaction, Saravanos directly owns 74,617 shares of HCI Group common stock.
• Saravanos also indirectly owns 30,000 shares through HC Investment LLC, 1,200 shares with Maria Saravanos as custodian for their son, and 140 shares through an IRA.
• The report details restricted stock grants from February 26, 2021, including 3,000 shares vesting in installments and 34,000 shares vesting upon the stock price reaching $140 for 30 consecutive days.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The vesting of the 34,000 restricted shares is contingent on the company's stock price reaching and maintaining $140 for 30 consecutive days, indicating a potential future event.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
• The vesting conditions of the restricted stock grants align executive interests with shareholder value by incentivizing stock price appreciation.

Key Dates

Keywords

HCI Group, Saravanos, insider trading, Form 4, stock, restricted stock, beneficial ownership