JOHNS TIMOTHY E 4

What Happened
Timothy E. Johns received two stock awards from Heritage Insurance Holdings (HRTG) dated March 5, 2026: a restricted stock award of 764 shares and a performance-based restricted stock award of 1,835 shares. Both awards show an acquisition price of $0.00 (no cash paid). Total awarded = 2,599 shares. These are grants (not open‑market purchases or sales).

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026. (The filing was submitted 4 days after the transaction date, which appears outside the SEC’s usual 2-business-day Form 4 deadline.)
• Price: $0.00 per share (award/grant).
• Shares after transaction: Not provided in the supplied details.
• Footnote F1 (764 shares): Restricted stock vests in three installments — 254 shares on Dec 15, 2026; 255 shares on Dec 15, 2027; and 255 shares on Dec 15, 2028.
• Footnote F2 (1,835 shares): Performance-based restricted stock with a three-year performance period from Jan 1, 2026 to Dec 31, 2028; vesting (if any) determined after the period and no later than Mar 30, 2029. The final number earned may be reduced depending on performance results.

Context
These grants are compensation awards, common for executives and officers; they are not market purchases (so they aren’t a direct cash investment signal). The performance-based award’s final payout depends on future performance metrics and may be reduced or forfeit if targets aren’t met. The apparent delay in filing the Form 4 may be a reporting timeliness issue — check the full SEC filing for any explanatory remarks.