Form 4: Aflac CFO Max Broden Reports Stock Award and Tax Withholding
SEC Form 4 Filing
A Form 4 filing reveals Aflac's CFO, Max Broden, acquired shares through a long-term incentive plan and subsequently disposed of shares to cover tax obligations.
Summary
- On February 11, 2025, Max Broden, the CFO of Aflac, acquired 53,583 shares of common stock under the company's Long-Term Incentive Plan.
- On the same day, Broden disposed of 22,535 shares of common stock to satisfy tax withholding obligations at a price of $102.61 per share.
- Following these transactions, Broden directly owns 130,230 shares of Aflac common stock.
- Broden also indirectly owns 302 shares through his spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares under the Long-Term Incentive Plan aligns the CFO's interests with those of the shareholders.
Industry Context
Form 4 filings are standard practice for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| February 14, 2017 | Date of the Amended and Restated Aflac Incorporated Long-Term Incentive Plan |
| 02/11/2025 | Date of stock acquisition and disposal by Max Broden |
| 02/13/2025 | Date of signature on the Form 4 filing |
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