Binnun Sharon 4

What Happened Sharon Binnun, Chief Accounting Officer of Heritage Insurance Holdings (HRTG), had 36,274 shares disposed on March 12, 2026 to satisfy tax withholding related to the vesting of performance-based restricted stock. The shares were recorded at $28.14 each for a total value of $1,020,750. This was a tax-withholding disposition (routine) rather than an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (filed within required period).
• Disposed: 36,274 shares at $28.14 each; total value $1,020,750.
• Transaction type/code: Payment of tax liability / withholding (code F); footnote F1: shares withheld to satisfy tax liability on vesting of previously awarded performance-based restricted stock.
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Reported on 2026-03-16 for the 2026-03-12 transaction (timely under Form 4 rules).

Context Tax-withholding disposals on vesting are common and typically routine: the company withholds (or sells) shares to pay required taxes when restricted stock vests. Such transactions reflect tax obligations rather than a straightforward insider view on the company’s prospects.