Executive at Hippo Holdings (HIPO) granted 24,684 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hippo Holdings Inc. reported that executive Michael Stienstra, GM & Chief Insurance, received two grants of common stock on March 2, 2026 totaling 24,684 shares at a price of $0.00 per share through awards.
After these acquisitions, his directly held common stock increased to 93,213 shares, which the disclosure notes includes 56,186 restricted stock units (RSUs). One RSU grant vests in 12 equal quarterly installments starting on February 15, 2026 over three years, while another performance-based RSU award vests based on relative total shareholder return, gross written premium, and adjusted return on equity over defined performance and service periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stienstra Michael
Role
GM & Chief Insurance, HHIP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,810 | $0.00 | -- |
| Grant/Award | Common Stock | 9,874 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 83,339 shares (Direct)
Footnotes (1)
- 1/12th of the RSU shares shall vest on each quarterly anniversary of February 15, 2026 over 3 years. The reported RSUs represent performance-based awards granted March 2, 2026, subject to service and performance conditions. The award consists of (i) 50% based on relative total shareholder return over a three-year performance period (vesting after three years), (ii) 25% based on gross written premium measured over a one-year performance period (vesting upon achievement), and (iii) 25% based on adjusted return on equity measured over a one-year performance period, subject to an additional one-year service requirement prior to vesting. Includes 56,186 RSUs.
FAQ
What insider transaction did Hippo Holdings (HIPO) report for Michael Stienstra?
Hippo Holdings reported that executive Michael Stienstra acquired 24,684 common shares on March 2, 2026 through stock awards at no cost. Following these awards, his directly held common stock position increased to 93,213 shares, including a substantial component of restricted stock units (RSUs).
What are the vesting terms for the new RSU awards at Hippo Holdings (HIPO)?
One RSU grant vests in 12 equal installments, with 1/12 of the shares vesting on each quarterly anniversary of February 15, 2026 over three years. Another performance-based RSU grant vests based on total shareholder return, gross written premium, and adjusted return on equity performance tests.
Which performance metrics affect Michael Stienstra’s performance-based RSUs at Hippo Holdings (HIPO)?
The performance-based RSUs are tied to three metrics: relative total shareholder return over a three-year performance period, gross written premium measured over one year, and adjusted return on equity over one year, with an additional one-year service requirement before full vesting of part of the award.
Are Michael Stienstra’s new Hippo Holdings (HIPO) awards time-based or performance-based?
His compensation mix includes both time-based and performance-based RSUs. One grant vests quarterly over three years based solely on continued service, while another March 2, 2026 grant depends on meeting relative shareholder return, gross written premium, and adjusted return on equity performance conditions plus specified service periods.