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Horace Mann Educators Executive Compensation (FY25)

HMN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Marita Zuraitis
Median of the other named officers
$1,342,739
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 21, 2026
16 filings cited on this page
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342 figures on this page: 331 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Horace Mann Educators

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Marita Zuraitis: $8,197,986 → $8,453,113 (3.1% higher)
CEO pay ratio: 105:1 → 103:1 (1.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Horace Mann Educators' chief executive and what were they paid?
Marita Zuraitis was paid $8,453,113 in total compensation as President and Chief Executive Officer for fiscal 2025. Zuraitis' total was 3.1% higher than the $8,197,986 reported for fiscal 2024.
What was Horace Mann Educators' say-on-pay result?
The say-on-pay proposal drew 99.0% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in Horace Mann Educators' peer group?
Companies named in the disclosed peer group include Ambac Financial Group, Inc., American Equity Investment Life Holding Co, CNO Financial Group, Inc., Employers Holdings, Inc. and Kemper Corporation, among others.
What is Horace Mann Educators' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 103:1, against median employee compensation of $81,946.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marita Zuraitis
President & Chief Executive Officer
◇—◇◇◇—◇◇
Bret Conklin
Executive Vice President & Chief Financial Officer
◇—◇◇◇—◇◇
Matthew Sharpe
Executive Vice President, Supplemental & Group Benefits and Corporate Strategy
◇—◇◇◇—◇◇
Donald Carley
Executive Vice President & General Counsel
◇—◇◇◇—◇◇
Mark Desrochers
Senior Vice President, Property & Casualty and Chief Corporate Actuary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marita Zuraitis
President & Chief Executive Officer
◇—◇◇◇—◇◇
Bret Conklin
Executive Vice President & Chief Financial Officer
◇—◇◇◇—◇◇
Matthew Sharpe
Executive Vice President, Supplemental & Group Benefits and Corporate Strategy
◇—◇◇◇—◇◇
Stephen McAnena
Executive Vice President & Chief Operating Officer
◇◇◇◇◇—◇◇
Donald Carley
Executive Vice President & General Counsel
◇—◇◇◇—◇◇
Ryan Greenier
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marita Zuraitis
President & Chief Executive Officer
◇—◇◇◇—◇◇
Bret Conklin
Executive Vice President, Finance Transformation
◇—◇◇◇—◇◇
Stephen McAnena
Executive Vice President & Chief Operating Officer
◇—◇◇◇—◇◇
Matthew Sharpe
Executive Vice President, Corporate Strategy
◇—◇◇◇—◇◇
Donald Carley
Executive Vice President & General Counsel
◇—◇◇◇—◇◇
Ryan Greenier
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marita Zuraitis
President and Chief Executive Officer
◇—◇◇◇—◇◇
Stephen McAnena
Former Executive Vice President and Chief Operating Officer
Departed during or after this year
◇—◇◇◇—◇◇
Bret Conklin
Former Executive Vice President, Finance Transformation
Departed during or after this year
◇◇——◇—◇◇
Donald Carley
Executive Vice President, General Counsel and Chief Administrative Officer
◇—◇◇◇—◇◇
Ryan Greenier
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Mark Desrochers
Senior Vice President, Chief Actuarial and Strategy Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Donald M. CarleyRSU◇——◇——◇
Donald M. CarleyPSU◇◇◇—◇—◇
Donald M. CarleyOptions/SARs◇——◇—◇◇
Donald M. CarleyOPTION◇——◇—◇◇
Marita ZuraitisPSU◇◇◇—◇—◇
Marita ZuraitisRSU◇——◇——◇
Marita ZuraitisOptions/SARs◇——◇—◇◇
Marita ZuraitisOPTION◇——◇—◇◇
Mark R. DesrochersOPTION◇————◇—
Mark R. DesrochersPSU◇◇◇—◇—◇
Mark R. DesrochersRSU◇——◇——◇
Mark R. DesrochersOptions/SARs◇——◇—◇—
Ryan E. GreenierOPTION◇——◇—◇◇
Ryan E. GreenierPSU◇◇◇—◇—◇
Ryan E. GreenierRSU◇——◇——◇
Ryan E. GreenierOptions/SARs◇——◇—◇◇
Stephen J. McAnenaRSU◇——◇——◇
Stephen J. McAnenaPSU◇◇◇—◇—◇
Stephen J. McAnenaOptions/SARs◇——◇—◇◇
Stephen J. McAnenaOPTION◇——◇—◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Marita ZuraitisOption◇—◇03/08/33
PSU◇◇——
Option◇—◇03/09/32
Option◇—◇03/06/34
RSU◇◇——
Mark DesrochersRSU◇◇——
PSU◇◇——
Stephen McAnenaRSU◇◇——
Option◇—◇05/23/33
PSU◇◇——
Option◇—◇03/06/34
Bret ConklinOption◇—◇03/09/32
PSU◇◇——
RSU◇◇——
Donald CarleyOption◇—◇03/06/34
PSU◇◇——
RSU◇◇——
Option◇—◇03/08/33
Option◇—◇03/09/32
Ryan GreenierPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Donald Carley
Executive Vice President, General Counsel and Chief Administrative Officer · Severance agreement
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Wade Reece
Board chair
◇◇———◇◇
Thomas A. Bradley
◇◇———◇◇
Mark E. Konen
◇◇———◇◇
Elaine A. Sarsynski
◇◇———◇◇
Beverley J. McClure
◇◇———◇◇
Victor P. Fetter
◇◇———◇◇
Perry G. Hines
◇◇———◇◇
Aaliyah A. Samuel, EdD
◇◇———◇◇
Aaliyah A. Samuel
◇◇———◇◇
Marita Zuraitis served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Stock ownership guideline: Non-employee Directors are required to hold shares of HMEC Common Stock with a market value equal to five times their annual cash retainer.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ambac Financial Group, Inc. symbol not shown
  • American Equity Investment Life Holding Co ANG-PD
  • CNO Financial Group, Inc. CNO
  • Employers Holdings, Inc. EIG
  • Kemper Corporation KMPR
  • Primerica, Inc. PRI
  • ProAssurance Corporation PRA
  • RLI Corporation RLI
  • Selective Insurance Group, Inc. SIGI
  • The Hanover Insurance Group THG
  • United Fire Group, Inc. UFCS
  • White Mountains Insurance Group WTM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 24, 2017=◇◇◇
2015May 25, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Marita Zuraitis (President and Chief Executive Officer), FY2025 total compensation $8,453,113 (base salary $1,040,000) [exec_comp, SEC accession 0000850141-26-000014, filed 2026-04-06]

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What this page does not include

Everything above is a fact Horace Mann Educators disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Horace Mann Educators sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
342 figures on this page: 331 cited to the filing that reported them, 11 calculated from figures it prints.
331 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000850141-26-000024
  2. 0000850141-26-000014
    Director Compensation · Grants of Plan-Based Awards · LTI N · Outstanding Equity Awards at Fiscal Year End · and 2 more sections
  3. 0001628280-25-025729
  4. 0001628280-25-016013
    Summary Compensation Table
  5. 0001628280-24-024873
  6. 0001628280-24-015471
    Summary Compensation Table
  7. 0001628280-23-019732
  8. 0001628280-23-010816
  9. 0001628280-22-015472
  10. 0001628280-21-011209
  11. 0001628280-20-008366
  12. 0001628280-19-007120
  13. 0001628280-18-007173
  14. 0001144204-17-029639
  15. 0001144204-16-105564
  16. 0001193125-13-084660
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Velarion, “Horace Mann Educators executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HMN (accessed 2026).
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
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16 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Horace Mann Educators discloses

The companies named in HMN's own disclosed peer group.

American Equity Investment Life Holding CoCNO Financial Group, Inc.Employers Holdings, Inc.Kemper CorporationPrimerica, Inc.ProAssurance CorporationRLI CorporationSelective Insurance Group, Inc.The Hanover Insurance GroupUnited Fire Group, Inc.White Mountains Insurance Group

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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