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

Elizabeth Palmer, Chief Marketing Officer of Corebridge Financial, files an amendment to a previous Form 4 to correct the number of restricted stock units (RSUs) granted.

Summary

• Elizabeth Palmer, Chief Marketing 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.
• The corrected filing shows that Palmer was granted 15,318 RSUs on February 20, 2024, instead of the previously reported 14,798 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 520 shares that were inadvertently omitted from the reporting person's original Form 4 and in subsequent reports.
• Following the reported transaction, Palmer beneficially owns 93,918 shares of common stock, including restricted stock units.

Sentiment

Score: 6

Explanation: The document is a routine correction of an administrative error in a regulatory filing. While the error is a negative, the correction is a positive. Overall, the sentiment is neutral.

Negatives

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

Future Outlook

The restricted stock units will vest ratably over three years from the grant date.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. Amendments are sometimes necessary to correct errors.

Stakeholder Impact

• Shareholders may be interested in the holdings of company insiders.

Key Dates