Form 4: Corebridge Financial Director Mia Tarpey Reports Stock Disposals to Cover Taxes
SEC Form 4 Filing
Director Mia Tarpey reported disposing of Corebridge Financial shares to cover tax obligations related to vesting restricted stock units.
Summary
- On January 17, 2024, Mia Tarpey, a director of Corebridge Financial, disposed of 2,742 shares of common stock to cover taxes at a price of $24.17.
- Following this transaction, Tarpey directly owns 68,663 shares, including restricted stock units.
- On March 4, 2024, Tarpey disposed of 5,714 shares of common stock to cover taxes at a price of $24.5.
- Following this transaction, Tarpey directly owns 62,949 shares, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the director's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 01/17/2024 | Disposal of 2,742 shares of Corebridge Financial common stock to cover taxes. |
| 03/04/2024 | Disposal of 5,714 shares of Corebridge Financial common stock to cover taxes. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
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