Form 4: Corebridge Financial CFO Elias F. Habayeb Reports Stock Transaction

Elias F. Habayeb, CFO of Corebridge Financial, reports the withholding of shares to cover taxes upon vesting of restricted stock units.

Summary

• On March 3, 2025, Elias F. Habayeb, the Chief Financial Officer of Corebridge Financial, Inc., reported a transaction involving the company's common stock.
• A total of 30,291 shares were withheld to cover taxes upon the vesting of restricted stock units (RSUs).
• The price per share for the transaction was $34.68, representing the closing price of Corebridge Financial Inc.'s common stock on February 28, 2025.
• Following the reported transaction, Habayeb beneficially owns 222,672 shares, which includes RSUs.
• The report also reflects an additional 1,768 shares that were inadvertently omitted from the reporting person's February 22, 2024 Form 4, amended on February 28, 2025.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the financial interests of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
• Similar filings are made by executives at companies like Prudential Financial (PRU) and MetLife (MET) when they have transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
• The disclosure provides transparency to stakeholders regarding executive stock ownership.

Key Dates