Form 4: Corebridge Financial Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jonathan J. Novak, President of Institutional Markets at Corebridge Financial, reports the withholding of shares to cover taxes upon vesting of restricted stock units and an adjustment to previously reported holdings.
Summary
- On March 3, 2025, Jonathan J. Novak, President of Institutional Markets at Corebridge Financial, reported a transaction involving Corebridge Financial common stock.
- 16,536 shares were withheld to cover taxes upon the vesting of restricted stock units (RSUs).
- The price per share for the tax withholding was $34.68, based on the closing price of Corebridge Financial's common stock on February 28, 2025.
- Following the reported transaction, Novak beneficially owns 146,906 shares, which includes RSUs.
- The report also reflects an additional 936 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 detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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 holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transaction has a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of original Form 4 filing that was later amended. |
| February 28, 2025 | Date of the closing price used for tax withholding and amendment of previous filing. |
| March 3, 2025 | Date of the reported transaction (tax withholding). |
| March 5, 2025 | Date of signature on the Form 4 filing. |
Keywords
Corebridge Financial, Beneficial Ownership, Form 4, SEC, Novak, RSUs, Shares, CRBG
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