Form 4: HRTG CEO Sells Shares for Tax Obligations

Heritage Insurance Holdings CEO Ernie J. Garateix disposed of 40,634 common shares to cover tax liabilities from restricted stock vesting.

Summary

• Ernie J. Garateix, Chief Executive Officer and Director of Heritage Insurance Holdings, Inc. (HRTG), disposed of 40,634 shares of common stock.
• The transaction occurred on December 15, 2025, at a price of $29.57 per share.
• This disposition was made to satisfy tax liability on the vesting of previously awarded restricted stock.
• Following this transaction, Mr. Garateix directly beneficially owns 1,145,172 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation, and does not indicate a change in management's view of the company or its prospects.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all industries when restricted stock vests. It does not reflect specific industry trends for insurance.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the CEO to cover tax obligations upon the vesting of restricted stock. Such transactions are common and do not typically signal a change in the company's fundamentals or the executive's long-term outlook. Therefore, it provides no new information to warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

Heritage Insurance Holdings, HRTG, Ernie J. Garateix, CEO, Director, Stock Sale, Tax Withholding, Restricted Stock, Insider Transaction, Form 4