Demmings Keith 4

What Happened

• Keith Demmings, President & CEO and a director of Assurant, received equity from the vesting of performance share units (PSUs) and restricted stock units (RSUs) on March 16, 2026. The filing shows 83,030 shares recorded as an award (no cash price) and an additional 11,254 shares recorded at $222.15/share (value $2,500,076).
• To satisfy tax-withholding obligations tied to the March 16 vesting, 42,338 shares were withheld/disposed at $222.15/share, generating proceeds of $9,405,387. The withholding/sale is a routine tax-related disposition rather than an open-market investment sale.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (filed timely).
• Reported dispositions: 42,338 shares @ $222.15 = $9,405,387 (tax withholding/settlement).
• Reported acquisitions: 83,030 shares (award/vesting, $0 exercise price) and 11,254 shares @ $222.15 = $2,500,076.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: 83,030 reflects PSU shares issued upon vesting for the 2023–2025 performance cycle.
  • F2: Shares were withheld to satisfy withholding obligations for PSU/RSU vesting.
  • F3/F4: Some reported shares are represented by RSUs.
  • F5: Includes 42.159 shares from the ESPP acquired Dec 31, 2025.
• Transaction codes: A = award/acquisition on vesting; F = tax withholding/disposition.

Context

• This was equity-compensation activity (vesting of PSUs/RSUs) with shares withheld to meet tax obligations — a common, routine result of awards vesting. It is not an open-market purchase that would signal a direct bullish bet, nor a voluntary large-scale sale for liquidity beyond tax withholding.