Form 4: F&G Annuities Director Boosts Stake via Spinoff & Stock Grant

F&G Annuities & Life Director Raymond R. Quirk increased his beneficial ownership through a spinoff distribution and a grant of unrestricted common stock.

Summary

• Raymond R. Quirk, a Director of F&G Annuities & Life, Inc. (FG), reported changes in his beneficial ownership of common stock.
• On December 31, 2025, Mr. Quirk acquired 132,479 shares of common stock at a price of $30.85 per share, resulting from a distribution related to the Fidelity National Financial, Inc. spinoff of F&G Annuities & Life, Inc. common stock.
• Following this transaction, Mr. Quirk beneficially owned 298,610 shares indirectly through the Quirk 2002 Trust.
• On January 5, 2026, Mr. Quirk acquired an additional 941 shares of common stock at a price of $0, which were granted as unrestricted common stock in lieu of cash director fees.
• After this grant, Mr. Quirk directly owned 11,812 shares.
• Additionally, Mr. Quirk indirectly owns 41 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is positive due to the director increasing his beneficial ownership through both a corporate spinoff event and by accepting stock in lieu of cash compensation, indicating confidence in the company's value.

Positives

• Increased insider ownership by a director, which can signal confidence in the company's future prospects.
• The director opted to receive common stock in lieu of cash for director fees, aligning his interests more closely with shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

Insider transactions, such as those reported in this Form 4, are closely watched by investors as they can provide insights into management's perception of the company's value. An increase in a director's stake, particularly through a stock grant in lieu of cash, generally suggests confidence in the company's long-term prospects within the annuities and life insurance sector.

Stakeholder Impact

• Shareholders may view the increased director ownership as a positive signal, potentially boosting investor confidence in the company's leadership and future performance.
• The decision by a director to accept stock instead of cash for fees aligns management's interests more closely with those of long-term shareholders.

Key Dates

Recommendation

The increase in director ownership, while not a direct open market purchase, is generally a positive indicator as it signals management's confidence in the company. The acceptance of stock in lieu of cash further reinforces this alignment. However, without additional financial or operational data, a 'hold' recommendation is prudent, acknowledging the positive insider sentiment while awaiting broader performance indicators.

Keywords

F&G Annuities & Life, FG, Form 4, insider transaction, director ownership, stock acquisition, beneficial ownership, spinoff, equity compensation