Form 4: Heritage Insurance CAO Sells Shares for Tax

Heritage Insurance Holdings' Chief Accounting Officer, Sharon Binnun, reported a disposition of 4,635 common shares to cover tax liabilities from restricted stock vesting.

Summary

• Sharon Binnun, Chief Accounting Officer of Heritage Insurance Holdings, Inc. (HRTG), reported a transaction.
• On December 15, 2025, 4,635 shares of common stock were disposed of.
• This disposition was to satisfy tax liability on the vesting of previously awarded restricted stock.
• The shares were valued at $29.57 per share.
• Following this transaction, Sharon Binnun directly beneficially owns 171,371 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to restricted stock vesting, which is a common occurrence for executives receiving equity compensation. It does not indicate a change in sentiment towards the company.

Future Outlook

N/A. This filing reports a past insider transaction and does not provide forward-looking statements or guidance.

Industry Context

This is a routine insider transaction common across all publicly traded companies when restricted stock awards vest and shares are withheld to cover tax obligations. It does not reflect specific industry trends or competitive dynamics.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Heritage Insurance Holdings, HRTG, Sharon Binnun, Chief Accounting Officer, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, Restricted Stock