Form 4: F&G Annuities CIO Sells Shares Under 10b5-1 Plan

F&G Annuities & Life, Inc.'s EVP and Chief Investment Officer, Leena Punjabi, reported the disposition of 2,343 common shares at $32.66 per share.

Summary

• Leena Punjabi, Executive Vice President and Chief Investment Officer of F&G Annuities & Life, Inc., reported a transaction involving the company's common stock.
• On December 1, 2025, 2,343 shares of Common Stock were disposed of.
• The shares were sold at a price of $32.66 per share.
• The transaction code 'F' indicates that these shares were withheld to cover tax liabilities or the exercise price incident to the receipt, exercise, or vesting of an equity award.
• This transaction was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this disposition, Leena Punjabi directly beneficially owns 80,910 shares of F&G Annuities & Life, Inc. Common Stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. While it's a disposition, it's for tax purposes and pre-planned, which is routine. The executive retains a substantial holding, indicating continued confidence.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled and automated sale, which typically reduces concerns about discretionary insider trading.
• The reporting person retains a significant beneficial ownership of 80,910 shares, demonstrating continued alignment with shareholder interests.

Negatives

• An insider (EVP, Chief Investment Officer) disposed of shares, which, regardless of the reason, can sometimes be perceived negatively by some investors.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disposition of 2,343 shares is a minor event and is unlikely to have a material impact on the company's stock price or overall shareholder value, especially given its pre-planned nature.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to cover tax liabilities associated with equity awards, executed under a pre-arranged 10b5-1 plan. This type of transaction is not indicative of a change in the company's fundamentals or the executive's confidence in the company, especially since a significant number of shares are still beneficially owned. Therefore, it does not warrant a change in investment posture based solely on this filing.

Keywords

F&G Annuities & Life, FG, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Leena Punjabi, Chief Investment Officer, Rule 10b5-1