Form 4: Corebridge Financial Director Colin J. Parris Acquires 2,334 Shares of Common Stock

Director Colin J. Parris acquired 2,334 shares of Corebridge Financial common stock through deferred stock units.

Summary

• Colin J. Parris, a director at Corebridge Financial, Inc., acquired 2,334 shares of common stock on January 13, 2025.
• The acquisition was in the form of deferred stock units (DSUs) granted under the company's 2022 Omnibus Incentive Plan.
• Each DSU represents the 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.
• The price per share for the acquired stock was $0, as the shares were granted as part of the incentive plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of deferred stock units aligns the director's interests with those of long-term shareholders.

Future Outlook

The deferred stock units will convert to common stock upon the director's termination of service or the first anniversary of the director's commencement of service, whichever is later.

Industry Context

This is a standard transaction for directors of public companies, often used as part of compensation and incentive plans to align their interests with shareholders.

Comparison to Industry Standards

• The use of deferred stock units is a common practice among publicly traded companies to incentivize and retain directors.
• Many companies, such as AIG, Prudential, and MetLife, use similar equity-based compensation plans for their directors.
• The number of shares granted is within the typical range for director compensation packages, though specific amounts vary based on company size and performance.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it demonstrates confidence in the company's future performance.

Key Dates

Keywords

Corebridge Financial, director, Colin J. Parris, stock acquisition, deferred stock units, DSUs, Omnibus Incentive Plan, insider trading, Form 4