4/A: Corebridge Financial Executive Corrects Stock Ownership in Amended SEC Filing

John P. Byrne, a Corebridge Financial executive, files an amendment to a previous SEC Form 4 to correct the number of restricted stock units (RSUs) granted.

Summary

• John P. Byrne, President of Financial Distributors at Corebridge Financial, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects an administrative error in the original Form 4 filed on February 22, 2024, which understated the number of RSUs granted to Byrne.
• The corrected filing shows that Byrne acquired 11,948 RSUs on February 20, 2024, instead of the previously reported 11,543 RSUs.
• The RSUs vest ratably over three years from the grant date and represent a contingent right to receive one share of Corebridge Financial common stock upon vesting.
• The filing also reflects an additional 405 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports, bringing the total shares beneficially owned following reported transactions to 23,548.

Sentiment

Score: 6

Explanation: The document is a routine correction of an administrative error in a standard SEC filing. It doesn't indicate any significant positive or negative developments for the company.

Future Outlook

The RSUs will vest ratably over three years from the grant date, representing a future right to receive Corebridge Financial common stock.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction of the RSU grant ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates

Keywords

Form 4, SEC Filing, Corebridge Financial, CRBG, Restricted Stock Units, RSUs, Beneficial Ownership, Amendment, John P. Byrne, Executive Compensation