v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense Stock-based compensation expense is included in general and administrative personnel expense in the consolidated statements of income and consisted of the following for the periods presented:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Restricted stock awards

 

$

2,623

 

 

$

2,270

 

Exzeo stock options

 

 

 

 

 

342

 

Exzeo restricted stock awards

 

 

736

 

 

 

360

 

Stock-based compensation expense

 

$

3,359

 

 

$

2,972

 

 

Summary of Company's Stock Option Plan Activity

The following table summarizes the activity related to stock options granted under the HCI Plan during the three months ended March 31, 2026:

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

Intrinsic

 

 

 

Options

 

 

Price

 

 

Term

 

Value

 

Outstanding as of December 31, 2025

 

 

590,000

 

 

$

51.54

 

 

3.9 years

 

$

82,687

 

    Granted

 

 

 

 

$

 

 

 

 

 

 

    Exercised

 

 

(20,000

)

 

$

40.00

 

 

 

 

 

 

    Forfeited

 

 

 

 

$

 

 

 

 

 

 

Outstanding as of March 31, 2026

 

 

570,000

 

 

$

51.95

 

 

3.7 years

 

$

58,518

 

Exercisable as of March 31, 2026

 

 

570,000

 

 

$

51.95

 

 

3.7 years

 

$

58,518

 

Information with Respect to Unvested Restricted Stock Awards and Incentive Plan

The following table summarizes the activity related to restricted stock awards granted under the HCI Plan during the three months ended March 31, 2026:

 

 

 

Number of

 

 

Weighted

 

 

 

Restricted

 

 

Average

 

 

 

Stock

 

 

Grant Date

 

 

 

Awards

 

 

Fair Value

 

Unvested as of December 31, 2025

 

 

494,635

 

 

$

73.31

 

Granted

 

 

 

 

$

 

Vested

 

 

(1,750

)

 

$

64.21

 

Forfeited

 

 

(693

)

 

$

131.96

 

Unvested as of March 31, 2026

 

 

492,192

 

 

$

73.26