Form 4: Corebridge Financial COO Receives Restricted Stock Units

Christopher Brian Smith, COO of Corebridge Financial, received 28,851 Restricted Stock Units (RSUs) on September 21, 2023, under the company's 2022 Omnibus Incentive Plan.

Summary

• On September 21, 2023, Christopher Brian Smith, the Chief Operating Officer of Corebridge Financial, Inc., was granted 28,851 Restricted Stock Units (RSUs) under the company's 2022 Omnibus Incentive Plan.
• These RSUs vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027, contingent upon Smith's continued employment.
• Each RSU represents the right to receive one share of Corebridge common stock upon vesting.
• As of May 12, 2025, Smith owned 10,489 shares of Common Stock and 42,394 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs aligns the COO's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued employment and commitment to Corebridge Financial.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies an expectation of continued employment and contribution from the COO.

Industry Context

Granting RSUs to key executives is a common practice in the financial industry to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns management's interests with the company's long-term performance.
• The COO is incentivized to remain with the company and contribute to its success.

Key Dates

Keywords

Corebridge Financial, Christopher Brian Smith, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Officer, COO, Equity Compensation, Incentive Plan