Karin Sue Coleman, Chief Operating Officer and Director of HCI Group, Inc. (NYSE:HCI), filed a Form 4 on October 27, 2026, disclosing a transaction dated October 23, 2026, in which 165 shares of common stock were surrendered to cover federal tax withholding upon the vesting of restricted shares.

Key Highlights

  • Tax withholding disposal: 165 shares of HCI Group common stock were surrendered on October 23, 2026, at a price of $204.06 per share to cover the minimum federal tax liability associated with a restricted stock vesting event.
  • Vesting event: 417 restricted shares vested on October 23, 2026, representing the first tranche of a 1,251-share restricted stock grant effective December 19, 2025.
  • Remaining vesting schedule: According to the filing, 417 shares are each scheduled to vest on October 23, 2027, and October 23, 2028.
  • Post-transaction ownership: Following the reported transaction, Coleman directly holds 834 shares of common stock, per the filing.
  • Grant basis: The restricted shares were granted under HCI Group's 2012 Omnibus Incentive Plan pursuant to a restricted stock agreement dated December 19, 2025.
  • Reporting person roles: Coleman is identified in the filing as both a Director and Chief Operating Officer of HCI Group, Inc.

Coleman's Restricted Stock Vesting and Tax Withholding at HCI Group

According to the Form 4 filed with the SEC on October 27, 2026, Karin Sue Coleman, serving as Chief Operating Officer and Director of HCI Group, Inc., reported a single transaction involving the disposal of 165 shares of common stock on October 23, 2026. The filing designates this as a transaction code "F," indicating shares surrendered to the issuer to satisfy a tax withholding obligation. The price recorded per share was $204.06.

The filing explains that the 165 shares were surrendered to cover the minimum federal tax liability associated with the vesting of 417 restricted shares on that same date. Those 417 shares represent the first installment of a larger restricted stock grant of 1,251 shares that became effective December 19, 2025. The grant was made by the company under the 2012 Omnibus Incentive Plan and governed by a restricted stock agreement dated December 19, 2025. The remaining two tranches of 417 shares each are reported as scheduled to vest on October 23, 2027, and October 23, 2028.

Following the reported transaction, the filing states that Coleman directly holds 834 shares of HCI Group common stock. The Form 4 was signed by Andrew L. Graham as Attorney-in-fact for Karin Coleman and filed on October 27, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

HCI Group's COO and Director Karin Sue Coleman disclosed the surrender of 165 common shares at $204.06 each for tax withholding on October 23, 2026, following the vesting of 417 restricted shares, leaving her with a direct holding of 834 shares.