Horace Mann Educators director Henry Wade Reece sold 1,359 shares of common stock on August 12, 2026, at a weighted average price of $51.522 per share, for total proceeds of approximately $70,018. The transaction was executed in two open-market trades at $51.49 and $51.55, according to a Form 4 filing with the SEC.
The shares sold originated from restricted stock units that vested on June 2, 2026, as part of Reece's compensation, a detail confirmed in a corresponding Form 144 notice filed the same day. Following the sale, Reece retains direct ownership of 41,794.981 shares, comprising 8,869.567 deferred cash restricted stock units and 32,925.414 vested share-based restricted stock units.
The sale represents roughly 3.1% of Reece's holdings in this class of stock. It arrives amid a broader pattern of insider disposition: over the preceding six months, company insiders have recorded 12 sales versus two purchases. CEO Marita Zuraitis sold 7,500 shares on August 3 at an average price of $52.03, while other directors and officers also reduced positions.
At the same time, institutional investors have been net buyers. Wasatch Advisors LP established a new stake of 1.4 million shares valued at $72.4 million in the second quarter, and several other funds added positions. Institutional ownership stands at 99.28% of outstanding shares.