Binnun Sharon 4
Research Summary
AI-generated summary
Heritage (HRTG) CAO Sharon Binnun Sells 7,893 Shares
What Happened
Sharon Binnun, Chief Accounting Officer of Heritage Insurance Holdings, sold 7,893 shares on March 17, 2026. The weighted‑average sale price was $28.35 per share, generating approximately $223,751 in proceeds. The filing indicates the sales were effected under a preexisting Rule 10b5‑1 trading plan.
Key Details
- Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19).
- Transaction type/code: Sale (S) — open market or private sale per the filing.
- Shares sold: 7,893; weighted average price: $28.35; total proceeds: ~$223,751.
- Price range: $28.065 to $28.85 per share (footnote says a per‑price breakdown is available on request).
- Sale executed pursuant to a Rule 10b5‑1 plan adopted December 12, 2025 (footnote).
- Shares owned after the transaction: not disclosed in this Form 4.
Context
Sales under 10b5‑1 plans are preplanned dispositions and are often routine (e.g., for diversification or liquidity) rather than an immediate signal about the insider’s view of the company. Purchases typically carry more weight for signaling; this filing documents a routine sale under a preset plan.