HCI Group CFO James Mark Harmsworth's Restricted Stock Vesting and Tax Withholding
This SEC Form 4 filing reports that James Mark Harmsworth, Chief Financial Officer of HCI Group, Inc., had 34,000 restricted shares vest on May 22, 2026. As part of this vesting, 13,379 shares were surrendered to cover the estimated federal tax liability associated with the transaction. The shares were surrendered at a price of $157.79 per share, resulting in a total value of approximately $2.11 million for the surrendered shares. Following this transaction, Harmsworth directly owns 37,229 common shares of HCI Group. The filing also notes that Harmsworth received an additional restricted stock grant on December 19, 2025, which will vest in equal increments over three years on October 23, 2026, 2027, and 2028. This filing represents a routine disclosure of executive compensation-related stock transactions rather than voluntary market transactions.