The CAO's $312K sale by the CAO is material relative to her role and the company's size, and the CEO's concurrent sale adds weight. With no 10b5-1 plan, these are likely opportunistic selling. Monitor for any upcoming 8-K filing (e.g., earnings pre-announcement, catastrophe loss update) that could explain the timing.
Price Chart
Executive Summary
Two Heritage Insurance insiders, including CEO Ernie Garateix and CAO Sharon Binnun, sold a combined $400K in shares over a 5-day window. The CEO's sale of $88K is modest, but the CAO's $312K sale is notable. No 10b5-1 plan is indicated, and the cluster occurs near the end of a strong stock run-up, suggesting potential profit-taking or a cautious signal from management.
Key Financial Metrics
Key Facts
- CEO Ernie Garateix sold 2,500 shares at $35.10 for $88K on 2026-09-03.
- CAO Sharon Binnun sold 9,200 shares at $33.91 for $312K on 2026-09-01.
- Total insider sales of $400K represent approximately 0.12% of Heritage's $326M market cap.
- No 10b5-1 trading plan is disclosed for either sale.
- Sales occurred after a significant stock run-up (stock up ~20% in prior month per market data).
Financial Impact
Total insider sales of $400K, or ~0.12% of market cap.
Risk Factors
- Further insider selling could signal deteriorating fundamentals or an upcoming negative catalyst.
- The stock's recent run-up may attract additional profit-taking by other insiders.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HRTG-1788902471182 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 144 | $36.98 $37.08 | ▲ +0.27% | ▼ −0.25% | $36.61 (−1.00%) |
Oct 19, 2026 7d ago | Press Release | $36.98 | awaiting T+1 | — | $36.61 (−1.00%) |
Sep 25, 2026 4w ago | SC 13G/A | $33.26 $33.49 | ▲ +0.69% | ▲ +0.88% | $36.61 (+10.07%) |
Sep 22, 2026 4w ago | Insider Cluster | $33.07 $33.18 | ▲ +0.33% | ▲ +0.41% | $36.61 (+10.70%) |
Sep 18, 2026 5w ago | 144 | $34.15 $33.50 | ▼ −1.90% | ▼ −1.89% | $36.61 (+7.20%) |
Sep 16, 2026 5w ago | Insider Cluster | $35.42 $34.42 | ▲ +2.82% | ▲ +2.70% | $36.61 (−3.36%) |
Sep 11, 2026 6w ago | Insider Cluster | $35.09 $34.78 | ▼ −0.88% | ▼ −0.42% | $36.61 (+4.33%) |
Sep 8, 2026 6w ago | Insider Cluster | $34.05 $34.53 | ▼ −1.41% | ▼ −2.01% | $36.61 (−7.52%) |
Aug 26, 2026 8w ago | Insider Cluster | $34.15 $33.86 | ▲ +0.85% | ▲ +0.62% | $36.61 (−7.20%) |
Aug 21, 2026 9w ago | Insider Cluster | $34.59 $34.20 | ▼ −1.13% | ▼ −1.45% | $36.61 (+5.84%) |
US Market Status
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