4/A: Corebridge Financial Executive Corrects Stock Ownership Reporting Error

Christopher Filiaggi, Chief Accounting Officer of Corebridge Financial, files an amendment to correct an understatement of restricted stock units (RSUs) in a previous Form 4 filing.

Summary

• Christopher Filiaggi, Chief Accounting Officer of Corebridge Financial, filed an amended Form 4 with the SEC.
• The amendment corrects an error in the original Form 4 filed on February 22, 2024, which understated the number of restricted stock units (RSUs) granted to Filiaggi.
• The corrected filing shows that Filiaggi was granted 7,352 RSUs on February 20, 2024, instead of the previously reported 7,103 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 amended filing also reflects an additional 249 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.
• Following the reported transaction, Filiaggi beneficially owns 14,961 shares of common stock, including restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing error. While the error itself is a minor negative, the prompt correction is a positive sign of diligence. Overall, the sentiment is neutral to slightly positive.

Negatives

• The original Form 4 filed on February 22, 2024, contained an error, understating the number of RSUs granted to the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, like this one, are sometimes necessary to correct errors and ensure accurate reporting.

Stakeholder Impact

• The correction of the filing ensures that shareholders and potential investors have accurate information regarding insider ownership.

Key Dates