Form 4: Corebridge Financial Executive Ditillo Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David Ditillo, Chief Information Officer of Corebridge Financial, disposed of 9,703 shares of common stock to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 3, 2025, David Ditillo, the Chief Information Officer of Corebridge Financial, Inc., disposed of 9,703 shares of common stock.
- The disposal was executed to cover tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $34.68, based on the closing price of Corebridge Financial's common stock on February 28, 2025.
- Following the transaction, Ditillo beneficially owns 116,985 shares, which includes RSUs.
- An additional 832 shares were inadvertently omitted from a previous Form 4 filing on February 22, 2024, and were amended on February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of original Form 4 filing with omitted shares |
| February 28, 2025 | Closing price used for tax withholding ($34.68) and amendment date for previous filing |
| March 3, 2025 | Date of stock disposal |
| March 5, 2025 | Date of signature on the Form 4 |
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