4/A: Corebridge Financial: Amendment to Form 4 Reveals Correction in Restricted Stock Units

An amended SEC Form 4 filing reveals a correction to the number of restricted stock units (RSUs) granted to Corebridge Financial's Chief Auditor, Amber Miller, due to an administrative error.

Summary

• This is an amendment to a Form 4 filing for Amber Miller, Chief Auditor of Corebridge Financial, Inc.
• The amendment corrects the number of restricted stock units (RSUs) granted on February 20, 2024, which was initially understated in the original filing on February 22, 2024.
• The number of RSUs granted has been corrected from 11,099 to 11,488.
• The filing also reflects an additional 389 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.
• Following the reported transaction, Miller beneficially owns 45,715 shares, including restricted stock units.
• The RSUs vest ratably over three years from the grant date and represent a contingent right to receive one share of CRBG common stock upon vesting.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Negatives

• The original Form 4 filing on February 22, 2024, inadvertently understated the number of RSUs granted to the reporting person due to an administrative error.
• An additional 389 shares were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction ensures accurate reporting of insider ownership, which is important for maintaining investor confidence.

Key Dates