Form 4: Heritage Insurance Officer Sells Shares for Tax

Heritage Insurance Holdings, Inc. officer Timothy Moura disposed of 9,516 common shares to cover tax liabilities from restricted stock vesting.

Summary

• Timothy Moura, President of Narragansett Bay Insurance Company (a subsidiary of Heritage Insurance Holdings, Inc.), reported a transaction.
• On December 15, 2025, Moura disposed of 9,516 shares of Heritage Insurance Holdings, Inc. common stock.
• The disposition was made at a price of $29.57 per share.
• This transaction was classified as an 'F' transaction, indicating shares withheld to satisfy tax liability on the vesting of previously awarded restricted stock.
• Following this transaction, Moura beneficially owns 266,618 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposal of shares to cover tax liabilities upon the vesting of restricted stock, which is a common and expected event for executives and does not indicate a change in sentiment towards the company.

Positives

• The underlying vesting of restricted stock indicates the achievement of performance milestones or tenure, which is a positive for the executive.

Negatives

• Timothy Moura's direct beneficial ownership of common stock decreased by 9,516 shares.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction by an insider.
• Employees: No direct impact from this specific transaction.

Key Dates

Recommendation

The reported transaction is a routine disposal of shares by an officer to satisfy tax obligations upon the vesting of restricted stock. This is a common and expected event for executives and does not reflect a change in the officer's confidence in the company or its future prospects. Therefore, it does not provide a basis for altering an investment recommendation.

Keywords

Heritage Insurance, HRTG, Timothy Moura, Form 4, insider transaction, stock sale, tax withholding, restricted stock