Form 4: Corebridge Financial Director Amy Schioldager Granted 5,007 Deferred Stock Units

Corebridge Financial, Inc. director Amy L. Schioldager was granted 5,007 deferred stock units (DSUs) on June 3, 2025, increasing her total beneficial ownership to 28,409 DSUs.

Summary

• Amy L. Schioldager, a Director of Corebridge Financial, Inc. (CRBG), acquired 5,007 shares of common stock in the form of Deferred Stock Units (DSUs) on June 3, 2025.
• These DSUs were granted at a price of $0 per unit, indicating they are part of a compensation plan.
• The grant was made under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan and is 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, Ms. Schioldager beneficially owns a total of 28,409 securities, all of which are DSUs.
• A Power of Attorney document, executed on June 3, 2025, authorizes designated attorneys-in-fact to prepare and file SEC forms (including Forms 3, 4, and 5) on behalf of Amy Schioldager, ensuring compliance with reporting requirements.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a standard director compensation grant, aligning insider interests with shareholders, and demonstrates robust corporate governance through the Power of Attorney for compliance.

Positives

• The grant of 5,007 Deferred Stock Units (DSUs) to Director Amy L. Schioldager aligns her interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The DSUs were granted under an existing incentive plan (Corebridge Financial, Inc. 2022 Omnibus Incentive Plan), indicating a structured approach to executive and director compensation.
• The Power of Attorney ensures efficient and timely compliance with SEC filing requirements for insider transactions.

Risks

• The Power of Attorney explicitly states that it does not relieve the undersigned (Amy Schioldager) from responsibility for compliance with obligations under Section 13 or Section 16 of the Exchange Act, including reporting requirements and potential disgorgement of profits under Section 16(b).

Future Outlook

The document does not provide specific future outlook or financial guidance for Corebridge Financial, Inc. It details a past transaction and a forward-looking authorization for SEC filings.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a director's equity compensation. Such grants are common practice in the financial services industry to align the interests of directors with long-term shareholder value, particularly for large financial institutions like Corebridge Financial.

Comparison to Industry Standards

• The grant of Deferred Stock Units (DSUs) at a $0 price is a standard form of equity compensation for non-employee directors across various industries, including financial services, aligning director incentives with company performance.
• The use of a Power of Attorney for SEC filings is a common corporate governance practice for directors and officers of publicly traded companies, ensuring timely and accurate compliance with Section 16 reporting requirements.

Corporate Governance

Related Party Transactions

• The grant of 5,007 Deferred Stock Units to Director Amy L. Schioldager by Corebridge Financial, Inc. constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• **Shareholders**: The grant of DSUs aligns the director's financial interests with long-term shareholder value, as the value of the compensation is tied to the company's stock performance. However, it also represents a minor potential future dilution from the issuance of new shares upon DSU conversion.
• **Director (Amy L. Schioldager)**: Receives equity compensation that incentivizes long-term commitment and performance, with the benefit of deferred taxation until the shares are received.

Next Steps

• The DSUs granted will vest upon the director's termination of service or the first anniversary of the director's commencement of service, whichever is later, at which point they will convert into shares of common stock.

Key Dates

Keywords

Corebridge Financial, CRBG, SEC Form 4, Deferred Stock Units, DSUs, Insider Transaction, Director Compensation, Equity Grant, Stock Incentive Plan, Corporate Governance, SEC Filings, Power of Attorney