Mark R. Desrochers, Senior Vice President at Horace Mann Educators Corp /DE/ (NYSE:HMN), filed a Form 4 on November 10, 2026, reporting three transactions in common stock occurring on November 6, 2026.

Key Highlights

  • Gift donation: Desrochers disposed of 3,170 shares of common stock at $0 (transaction code G), reported as a gift to a donor advised fund.
  • Option exercise: Desrochers acquired 7,044 shares via exercise of employee stock options (transaction code M) at a conversion price of $41.95 per share.
  • Shares withheld: 6,054 shares were disposed of at $53.17 per share (transaction code F), withheld by the issuer to satisfy the exercise price and applicable tax withholding obligations in connection with the net option exercise.
  • Resulting ownership: Following all three transactions, Desrochers directly beneficially owned 23,479 shares of common stock.
  • Options extinguished: The exercised employee stock options, originally exercisable from March 7, 2021 and expiring March 7, 2027, now show zero derivative securities remaining.
  • Filing authority: The form was signed by Linea Crouse as Attorney in Fact for Mark Desrochers.

Desrochers Reports Option Exercise, Gift, and Tax Withholding on November 6, 2026

According to the Form 4 filing, Mark R. Desrochers, identified as a Senior Vice President of Horace Mann Educators Corp /DE/ (NYSE:HMN), reported three separate transactions all dated November 6, 2026. The filing was submitted on November 10, 2026, by Linea Crouse acting as Attorney in Fact for Desrochers.

The first transaction (code G) reflects a disposal of 3,170 shares at $0, which the filing explains "represents shares of Common Stock that the reporting person donated as a gift to a donor advised fund." Following this transaction, Desrochers directly held 22,489 shares. The second transaction (code M) records the acquisition of 7,044 shares at $41.95 per share through the exercise of employee stock options, bringing direct holdings to 29,533 shares. Those options carried an expiration date of March 7, 2027, and are now fully exercised, leaving zero derivative securities in Table II.

The third transaction (code F) records the disposal of 6,054 shares at $53.17 per share. The filing states these "shares were withheld by the issuer in connection with a net exercise of stock options to satisfy the exercise price and applicable tax withholding obligations." After all three transactions, the filing reports Desrochers' direct beneficial ownership at 23,479 shares of common stock.

What Was Disclosed

The filing disclosed three November 6, 2026 transactions by Horace Mann Senior Vice President Mark R. Desrochers: a gift of 3,170 shares to a donor advised fund, an option exercise acquiring 7,044 shares at $41.95, and a withholding of 6,054 shares at $53.17 for tax and exercise costs, leaving 23,479 shares held directly.