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EdgarHawk

ZURAITIS MARITA

President & CEO

Director Officer
2 filings analyzed · 1 company · Latest 2024-11-12

Companies

Company Buys Sells Direction
HORACE MANN EDUCATORS CORP /DE/ HMN 0 21 Net selling

Activity

November 2024
medium
Sell
69,925 shares
$2,900,307
Significance 6/10

HMN CEO Marita Zuraitis sold 69,925 shares for $2.9M across 6 transactions (Nov 7-11) at $41.48 blended average.

Marita Zuraitis, HMN President & CEO, executed 6 separate sales totaling 69,925 shares for $2,900,306.52 ($2.9M) at a blended average price of $41.48 between November 7 and 11, 2024, reducing her holdings by 18.7% from 374,466 to 304,541 shares. The sale occurred near the 52-week high of $42.64 (-1.4%) and follows strong recent momentum: the stock gained 20.6% over 30 days and 25.8% over 90 days. The magnitude of this equity reduction by the CEO—nearly 70K shares—is material in absolute terms and represents a significant portfolio adjustment. Critically, Zuraitis's cross-ticker track record shows poor sell timing overall: her 6 prior open-market sells posted an average 90-day return of -1.0% (well-timed rate 100.00%, meaning those sells preceded declines); however, at HMN specifically, her 2 measurable prior sells (January 2024) achieved -0.8% and -1.1% 90-day returns, while 3 more recent October sells are not yet measurable. The stock's fundamentals remain solid (P/E 16.49, $1.7B market cap, 7.9% revenue growth), but the timing of a large CEO equity reduction following a steep recent rally warrants investor attention.

October 2024
medium
Sell
42,117 shares
$1,560,894
Significance 5/10

HMN CEO Marita Zuraitis sold 42,117 shares for $1,560,894.42 on 2024-10-17 at blended average $37.06.

Marita Zuraitis, President & CEO of Horace Mann Educators Corp, executed three separate sales on 2024-10-17 totaling 42,117 shares for $1,560,894.42, reducing her holding by 12.4% to 296,335 shares post-transaction. The current price is $36.66, reflecting a -6.4% decline from the 52-week high of $39.17, while the stock is up 5.5% over the prior 30 and 90 days. Zuraitis's prior trading history at HMN shows strong timing discipline: all three prior HMN sales on 2024-01-29 exhibited negative 90-day returns (-0.8% and -1.1%), and her cross-ticker track record reports a 100.00% well-timed rate on prior sells. The company's fundamentals show revenue of $388,100,000.00, net income of $3,800,000.00, and 7.9% annual revenue growth, with a P/E of 18.33 and market cap of $1,494,584,684.58. This sale warrants review given the scale of the reduction and the insider's demonstrated ability to execute well-timed exits.

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