Form 4: Corebridge Financial Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher Brian Smith, Chief Operating Officer of Corebridge Financial, reports a transaction involving the withholding of shares to cover taxes upon vesting of restricted stock units.
Summary
- On March 3, 2025, Christopher Brian Smith, the Chief Operating Officer of Corebridge Financial, reported a transaction.
- 7,297 shares of common stock were disposed of to cover taxes upon the vesting of restricted stock units (RSUs) at a price of $34.68 per share.
- Following the transaction, Smith beneficially owns 24,032 shares, including RSUs.
- The report also reflects an additional 832 shares that were inadvertently omitted from the reporting person's February 22, 2024 Form 4, amended on February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock-based compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of original Form 4 that omitted 832 shares |
| February 28, 2025 | Closing price of Corebridge Financial Inc.'s Common Stock, par value $0.01 per share |
| February 28, 2025 | Date of amended Form 4 |
| March 3, 2025 | Date of transaction: Shares withheld to cover taxes upon vesting of restricted stock units |
| March 5, 2025 | Date of signature |
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