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

David Ditillo, Chief Information Officer of Corebridge Financial, files an amended Form 4 to correct an understatement of restricted stock units (RSUs) granted.

Summary

• David Ditillo, Chief Information Officer of Corebridge Financial, Inc. (CRBG), 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 Ditillo.
• The corrected filing shows that Ditillo was granted 24,509 RSUs on February 20, 2024, instead of the previously reported 23,677 RSUs.
• The RSUs vest ratably over three years from the grant date and represent a contingent right to receive one share of CRBG common stock upon vesting.
• The filing also reflects an additional 832 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.
• Following the reported transaction, Ditillo beneficially owns 127,025 shares of common stock, including restricted stock units.

Sentiment

Score: 6

Explanation: The document is a routine correction of a filing error. While the error itself is a negative, the correction is a positive step towards transparency. Overall, the sentiment is neutral.

Negatives

• The original Form 4 filed on February 22, 2024, contained an error, understating the number of RSUs granted to David Ditillo.
• An administrative error led to the understatement of RSUs and omission of 832 shares in the original Form 4 and subsequent reports, requiring an amendment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates