Mark Harmsworth - May 19, 2023 Form 4 Insider Report for HCI Group, Inc. (HCI)

Signature
/s/ Andrew L. Graham as Attorney-in-fact for J. Mark Harmsworth
Stock symbol
HCI
Transactions as of
May 19, 2023
Transactions value $
-$865,286
Form type
4
Date filed
5/23/2023, 04:19 PM
Previous filing
Mar 7, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCI Common Stock Sale -$558K -9.96K -22.21% $55.97 34.9K May 22, 2023 Direct F1, F2
transaction HCI Common Stock Sale -$284K -5.04K -10.37% $56.38 43.5K May 19, 2023 Direct F1, F3
transaction HCI Common Stock Tax liability -$11.9K -213 -100% $55.66 0 May 20, 2023 Direct F4, F5
transaction HCI Common Stock Tax liability -$11.8K -212 -19.5% $55.66 875 May 20, 2023 Direct F6, F7
holding HCI Common Stock 1.5K May 19, 2023 Direct F8
holding HCI Common Stock 34K May 19, 2023 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is seeking to improve modestly the diversification of his investment holdings.
F2 The reported price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $55.75 to $57.160 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $56.00 to $57.285 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 213 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 875 restricted shares on May 20, 2023.
F5 Restricted stock grant of 3,500 shares effective 6/14/2019: Restriction period will lapse and the restricted shares will vest as follows: 875 shares on each of May 20, 2020, May 20, 2021, May 20, 2022, and May 20, 2023. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 6/14/2019.
F6 212 shares were surrendered to cover the minimum federal income tax liability associated with the vesting of 875 restricted shares on May 20, 2023.
F7 Restricted stock grant of 3,500 shares effective 5/26/2020: Restriction period will lapse and the restricted shares will vest as follows: 875 shares on each of May 20, 2021, May 20, 2022, May 20, 2023, and May 20, 2024. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 5/26/2020.
F8 Restricted stock grant of 3,000 shares effective 2/26/2021: Restriction period will lapse and the restricted shares will vest as follows: 750 shares on each of February 26, 2022, February 26, 2023, February 26, 2024, and February 26, 2025. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 2/26/2021.
F9 Restricted stock grant of 34,000 shares effective 2/26/2021: Restricted shares will vest, if ever, on the first anniversary of the date on which the company stock value first equals or exceeds $140 for 30 consecutive trading days on the applicable exchange. These shares were granted by the company pursuant to the company's 2012 Omnibus Incentive Plan and under the terms and conditions of a restricted stock agreement dated 2/26/2021.