Form 4: Corebridge Financial Director Alan Colberg Reports Acquisition of Deferred Stock Units

Corebridge Financial, Inc. Director Alan Colberg has reported the acquisition of 5,007 deferred stock units (DSUs) at a price of $0, increasing his total beneficial ownership to 58,409 shares, as part of the company's 2022 Omnibus Incentive Plan.

Summary

• Alan B. Colberg, a Director of Corebridge Financial, Inc. (CRBG), acquired 5,007 shares of common stock in the form of Deferred Stock Units (DSUs).
• The transaction occurred on June 3, 2025, with a reported price of $0 per share.
• These DSUs were granted under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan and are exempt under Rule 16b-3.
• Each DSU represents a right to receive one share of common stock upon the director's termination of service or, if later, upon the first anniversary of the director's commencement of service.
• Following this transaction, Alan Colberg's total beneficial ownership in Corebridge Financial, Inc. stands at 58,409 shares, which includes 28,409 DSUs.
• The filing also includes a Power of Attorney dated June 3, 2025, authorizing specific individuals to act on behalf of Alan Colberg for SEC filings.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of DSUs by a director is a standard compensation practice that aligns interests, but it's not an open market purchase indicating strong personal conviction in the stock's immediate upside. The Power of Attorney is a routine administrative document.

Positives

• The acquisition of 5,007 deferred stock units (DSUs) by a director aligns the director's interests with long-term shareholder value.
• The grant is part of an established incentive plan (2022 Omnibus Incentive Plan), indicating a structured approach to executive compensation.

Negatives

• The transaction is a grant of deferred stock units at a $0 price, which represents compensation and not an open market purchase, thus not indicating direct insider confidence through personal capital investment.

Risks

• The Power of Attorney explicitly states that neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with SEC reporting requirements (Section 13 or Section 16 of the Exchange Act or Rule 144) or for disgorgement of profits under Section 16(b) of the Exchange Act.
• The Power of Attorney also clarifies that it does not relieve the undersigned from responsibility for compliance with their obligations under Section 13 or Section 16 of the Exchange Act.

Future Outlook

The deferred stock units (DSUs) granted to the director are structured to vest upon the director's termination of service or, if later, upon the first anniversary of the director's commencement of service, indicating a future payout event tied to continued service.

Management Comments

• "Reflects deferred stock units (DSUs) granted under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan exempt under Rule 16b-3."
• "Each DSU represents a right to receive one share of common stock of the Issuer upon the director's termination of service or, if later, upon the first anniversary of the director's commencement of service."
• "This Power of Attorney authorizes, but does not require, the Attorney-in-Fact to act in his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information."
• "Neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with the requirements of Section 13 or Section 16 of the Exchange Act or Rule 144, any liability of the undersigned for any failure to comply with such requirements, or any liability of the undersigned for disgorgement of profits under Section 16(b) of the Exchange Act."
• "This Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under Section 13 or Section 16 of the Exchange Act, including, without limitation, the reporting requirements under Section 13 or Section 16 of the Exchange Act."

Industry Context

This Form 4 filing is a routine disclosure of insider stock ownership changes, specifically a grant of deferred stock units to a director. Such compensation structures are common across the financial services industry to align executive and director incentives with long-term company performance and shareholder interests.

Corporate Governance

Related Party Transactions

• The grant of 5,007 deferred stock units (DSUs) to Alan B. Colberg, a Director of Corebridge Financial, Inc., under the company's 2022 Omnibus Incentive Plan, constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant of DSUs to a director aligns management's long-term interests with shareholder value, as the value of the DSUs is tied to the company's stock performance. However, it also represents a form of dilution upon vesting, though typically accounted for in compensation plans.
• Management/Directors: The DSU grant provides a form of deferred compensation and incentive for continued service and performance.

Next Steps

• The deferred stock units (DSUs) granted to Alan Colberg are expected to convert into common stock upon his termination of service or the first anniversary of his commencement of service, whichever is later.

Key Dates

Keywords

Corebridge Financial, CRBG, Form 4, Insider Transaction, Deferred Stock Units, DSU, Executive Compensation, Director Ownership, SEC Filing, Stock Grant, Omnibus Incentive Plan