4/A: Corebridge Financial CFO Habayeb Corrects Stock Unit Reporting in Amended SEC Filing

Elias F. Habayeb, CFO of Corebridge Financial, files an amendment to his Form 4 to correct the number of restricted stock units (RSUs) granted and shares beneficially owned.

Summary

• Elias F. Habayeb, the Chief Financial Officer of Corebridge Financial, Inc. [CRBG], filed an amended Form 4 with the SEC on February 28, 2025.
• The amendment corrects an error in the original Form 4 filed on February 22, 2024, which understated the number of restricted stock units (RSUs) granted to Habayeb.
• The corrected filing shows that Habayeb was granted 52,083 RSUs on February 20, 2024, instead of the originally reported 50,315 RSUs.
• The amendment also reflects an additional 1,768 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.
• Following the reported transaction, Habayeb beneficially owns 257,653 shares of common stock, including restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing. While the error itself is a negative, the correction is a positive step towards transparency and compliance. The overall sentiment is neutral to slightly positive.

Negatives

• The original Form 4 filed on February 22, 2024, contained an administrative error that understated the number of RSUs granted to the reporting person.
• An additional 1,768 shares were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.

Future Outlook

The restricted stock units will vest ratably over three years from the grant date, representing a contingent right to receive one share of common stock of CRBG upon vesting.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, like this one, highlight the importance of accurate reporting and compliance with SEC regulations.

Stakeholder Impact

• The correction of the RSU grant information ensures accurate reporting to shareholders and the public.
• The correction of the RSU grant information ensures accurate reporting to employees.

Key Dates

Keywords

Form 4, Amendment, Restricted Stock Units, RSUs, Corebridge Financial, CRBG, Elias Habayeb, Beneficial Ownership, SEC Filing