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

Elizabeth B. Cropper, EVP & Chief Human Resources Officer at Corebridge Financial, files an amendment to correct an understatement of restricted stock units (RSUs) in a previous Form 4 filing.

Summary

• Elizabeth B. Cropper, an executive at Corebridge Financial, filed an amended Form 4 to correct an error in the number of restricted stock units (RSUs) previously reported.
• The original Form 4, filed on February 22, 2024, incorrectly stated the number of RSUs granted to Cropper.
• The amendment corrects the number of RSUs from 16,278 to 16,850 as of the original transaction date of February 20, 2024.
• The corrected filing also includes an additional 572 shares that were inadvertently omitted from the original Form 4 and subsequent reports.
• The RSUs were issued under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan and vest ratably over three years from the grant date.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While the initial error is a slight negative, the prompt correction is a positive. Overall, the impact is neutral.

Negatives

• The original Form 4 filing contained an error, understating the number of RSUs granted to the reporting person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding executive compensation and ownership.

Key Dates