Form 4: F&G Annuities Executive Receives Restricted Stock Grant

Wendy J.B. Young, EVP, CLO & Treasurer of F&G Annuities & Life, Inc., was granted 38,769 shares of restricted common stock.

Summary

• Wendy J.B. Young, Executive Vice President, Chief Legal Officer, and Treasurer of F&G Annuities & Life, Inc. (FG), was granted 38,769 shares of restricted common stock on November 10, 2025.
• These restricted shares will vest in three equal annual installments, with the first installment commencing on November 10, 2026.
• The vesting of these shares is contingent upon the achievement of specific performance criteria as detailed in Young's award agreement.
• Following this transaction, Young's direct beneficial ownership of F&G Annuities & Life, Inc. common stock totals 119,759.5467 shares.
• The reported beneficial ownership includes shares acquired through the Company's Employee Stock Purchase Plan (ESPP), which are not typically subject to ongoing reporting but are included here to provide an accurate reflection of current ownership.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is a positive sign of management alignment with shareholder interests and retention efforts. While positive, it is a routine compensation event rather than a significant operational development that would drastically alter the company's outlook.

Positives

• The grant of restricted stock aligns executive incentives directly with the long-term performance and strategic objectives of F&G Annuities & Life, Inc.
• A multi-year vesting schedule encourages sustained commitment and performance from a key executive, contributing to stability and long-term value creation.

Negatives

• The restricted stock grant does not provide immediate liquidity or cash benefit to the executive, as it vests over time and is subject to performance conditions.

Future Outlook

The restricted stock grant, with its performance-based and time-vesting conditions, indicates a future-oriented incentive structure designed to motivate the executive towards achieving long-term company goals.

Industry Context

Executive equity grants, such as restricted stock, are a standard practice within the financial services and insurance industry. These grants are crucial for aligning management's interests with those of shareholders, fostering long-term value creation, and retaining key talent in a competitive market.

Comparison to Industry Standards

• The grant of restricted stock with performance-based vesting is a common executive compensation practice across the financial services sector, comparable to structures observed at major industry players like Prudential Financial or MetLife.
• A three-year vesting schedule is typical for long-term incentive plans, aiming to retain executives and motivate sustained performance, aligning with best practices among peer companies in the insurance and annuities market.

Stakeholder Impact

• Shareholders: Potential positive impact through increased executive alignment with long-term company performance and shareholder value creation.
• Employees: May signal stability in executive leadership and a commitment to performance-based incentives within the company.

Next Steps

• The restricted common stock will vest in three equal annual installments, with the first installment occurring on November 10, 2026.
• The executive must achieve specified performance criteria for the restricted stock to fully vest as outlined in the award agreement.

Key Dates

Recommendation

This Form 4 reports a standard executive equity grant, which is a routine compensation event and does not introduce new information that would fundamentally alter the investment thesis for F&G Annuities & Life, Inc. It reinforces management's alignment with long-term performance but does not warrant a change in existing investment positions.

Keywords

F&G Annuities & Life, FG, Wendy J.B. Young, Restricted Stock, Equity Grant, Insider Ownership, Executive Compensation, SEC Form 4, Employee Stock Purchase Plan