Sengupta Subhashish 4
Research Summary
AI-generated summary
Assurant EVP Sengupta Receives Award, Withholds Shares for Taxes
What Happened
Subhashish Sengupta, EVP and Chief People Officer of Assurant, received 2,920 shares via vesting awards on March 16, 2026 — 2,076 shares from performance share units (PSUs) tied to the 2023–2025 cycle and 844 shares represented by restricted stock units (RSUs). Concurrently, 1,239 shares were disposed (withheld) to satisfy tax withholding obligations; those withheld shares were reported at $222.15 each for a total withholding value of $275,244. These transactions are awards/vesting and a routine tax-withholding event, not open-market purchases or investment sales.
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
- Awards acquired: 2,076 shares (PSUs, $0.00 acquisition price) and 844 shares (RSUs, $0.00).
- Shares withheld (disposed) to cover taxes: 1,239 shares at $222.15 each = $275,244 (transaction code F).
- Footnotes: F1 = PSUs issued based on relative performance for 2023–2025; F2 = shares withheld to meet tax withholding; F3/F4 = RSU representation; F5 notes indirect 401(k) holdings as of 12/31/2025 (not part of these transactions).
- Shares owned after transaction: not specified in the filing.
- Transaction types: A = award/acquisition (vesting); F = tax withholding (routine).
Context
This was a vesting of equity compensation (PSUs and RSUs) with shares withheld to satisfy tax obligations — a common, administrative insider filing that reflects compensation delivery rather than a directional buy or sell signal. Withholding dispositions are routine and typically do not indicate insider sentiment about the company’s stock.
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