Form 4: Corebridge Financial Director Keith Gubbay Acquires 2,334 Deferred Stock Units

Director Keith Gubbay of Corebridge Financial, Inc. acquired 2,334 deferred stock units (DSUs) on January 13, 2025.

Summary

• Keith Gubbay, a director at Corebridge Financial, Inc., acquired 2,334 deferred stock units on January 13, 2025.
• These DSUs were granted under the company's 2022 Omnibus Incentive Plan and are exempt under Rule 16b-3.
• Each DSU represents the right to receive one share of Corebridge Financial common stock.
• The shares will be distributed upon the director's termination of service or, if later, on the first anniversary of the director's commencement of service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of deferred stock units, which is a positive sign of aligning director interests with the company's long-term performance. It is a standard practice and does not indicate any significant positive or negative sentiment.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• The incentive plan is designed to retain key personnel.

Future Outlook

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

Industry Context

The granting of deferred stock units is a common practice in corporate governance to incentivize and retain key personnel, aligning their interests with the company's long-term success.

Comparison to Industry Standards

• Many public companies use deferred stock units as part of their compensation packages for directors and executives.
• The vesting terms of these DSUs are typical, with distribution upon termination of service or a specified anniversary date.
• Companies like Prudential Financial and MetLife also use similar equity-based compensation plans to align management and shareholder interests.

Stakeholder Impact

• The grant of DSUs aligns the director's interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• This type of compensation is designed to incentivize directors to make decisions that benefit the company and its shareholders.

Key Dates

Keywords

Corebridge Financial, Deferred Stock Units, DSU, Director, Keith Gubbay, Omnibus Incentive Plan, Stock Grant, Equity Compensation