Form 4: Corebridge Financial Executive Lisa Longino Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Lisa Longino, Chief Investment Officer of Corebridge Financial, disposed of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- Lisa Longino, the Chief Investment Officer of Corebridge Financial, filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, she disposed of 12,593 shares of common stock to cover taxes related to the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $34.68 per share.
- Following the transaction, Longino beneficially owns 98,555 shares, including RSUs.
- The report also includes an additional 1,414 shares that were inadvertently omitted from a previous Form 4 filing on February 22, 2024, which was amended on February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a common transaction (tax obligation coverage) and has no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The disposal of shares to cover tax obligations upon vesting of RSUs is a common occurrence among executives in publicly traded companies.
- Comparable companies such as Prudential Financial, MetLife, and AIG also have executives who regularly file Form 4s for similar transactions.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of original Form 4 filing that was later amended. |
| February 28, 2025 | Closing price of Corebridge Financial Inc.'s Common Stock, par value $0.01 per share. |
| February 28, 2025 | Date of amendment to the February 22, 2024 Form 4. |
| March 3, 2025 | Date of the share disposal transaction. |
| March 5, 2025 | Date of signature on the Form 4 filing. |
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