Form 4: Corebridge Financial Director Edward Bousa Granted 5,007 Deferred Stock Units

Corebridge Financial, Inc. Director Edward Bousa was granted 5,007 deferred stock units (DSUs) on June 3, 2025, increasing his total beneficial ownership to 10,299 DSUs.

Summary

• Edward Peter Bousa, 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 under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan, with a transaction price of $0 per unit, indicating they were part of compensation.
• 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.
• Following this transaction, Mr. Bousa's direct beneficial ownership of Corebridge Financial common stock, including DSUs, increased to a total of 10,299 shares.

Sentiment

Score: 7

Explanation: The grant of deferred stock units to a director is generally a positive signal, indicating continued alignment of management interests with shareholders and a standard component of compensation designed to retain talent and incentivize long-term performance. It does not, however, reflect operational or financial performance.

Positives

• The grant of 5,007 Deferred Stock Units (DSUs) to Director Edward Bousa aligns his interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The DSUs are part of the 2022 Omnibus Incentive Plan, indicating a structured approach to executive and director compensation designed to incentivize long-term commitment and performance.

Negatives

• The document does not contain any negative financial or operational information.

Risks

• The value of the deferred stock units is subject to the future performance of Corebridge Financial, Inc.'s common stock, meaning the actual value realized by the director could be lower than the current stock price if the share price declines.
• The DSUs are not immediately convertible to shares, and their vesting is tied to termination of service or a specific anniversary, which introduces a time-based risk for the recipient.

Future Outlook

N/A This document is a report of an insider transaction and does not provide forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity grant, common across publicly traded companies as part of director compensation packages. Such grants are standard practice to align the interests of directors with long-term shareholder value, particularly in the financial services industry where executive and board compensation often includes significant equity components.

Comparison to Industry Standards

• The grant of deferred stock units (DSUs) to a director is a common practice in corporate governance and executive compensation across various industries, including financial services.
• Companies like MetLife (MET), Prudential Financial (PRU), and Lincoln National Corporation (LNC) also utilize equity-based compensation plans, including restricted stock units (RSUs) or DSUs, to incentivize their board members and executives.
• The specific terms, such as vesting upon termination of service or a fixed anniversary, are typical for director compensation, aiming to foster long-term commitment and alignment with shareholder interests.
• The 2022 Omnibus Incentive Plan is a standard vehicle for such grants, comparable to similar plans at peer institutions.

Corporate Governance

Stakeholder Impact

• Shareholders: The DSU grant aligns the director's financial interests with those of shareholders, potentially fostering decisions that enhance long-term stock value.

Next Steps

• The deferred stock units (DSUs) granted to Edward Bousa will convert into shares of common stock upon his termination of service or, if later, upon the first anniversary of his commencement of service.

Key Dates

Keywords

Corebridge Financial, CRBG, Edward Bousa, Deferred Stock Units, DSU, Insider Transaction, Form 4, Director Compensation, Equity Grant, Omnibus Incentive Plan