Form 4: F&G Annuities & Life Director Michael Nolan Acquires Shares in Lieu of Cash Fees

Director Michael Nolan acquired 746 shares of F&G Annuities & Life common stock on April 1, 2025, in lieu of cash director fees.

Summary

• On April 1, 2025, Michael Joseph Nolan, a director of F&G Annuities & Life, acquired 746 shares of common stock.
• The acquisition was made in lieu of cash director fees.
• Following the transaction, Nolan directly owns 48,865 shares of F&G Annuities & Life.
• A power of attorney was executed on February 20, 2025, granting Michael L. Gravelle, Tessa Cantonwine, and Stephanie Jurgens the authority to file SEC forms on Nolan's behalf.

Sentiment

Score: 7

Explanation: The document indicates a director's increased stake in the company, which is generally viewed positively. The use of stock in lieu of cash is a neutral to slightly positive sign of financial prudence.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of stock in lieu of cash preserves company cash flow.

Industry Context

Director share acquisitions are common and often viewed positively by investors as they align management's interests with those of shareholders. Using stock in lieu of cash compensation is a common practice to conserve cash, especially for companies focused on growth or managing expenses.

Comparison to Industry Standards

• Comparing F&G Annuities & Life to peers like Athene Holding or Apollo Global Management, director compensation structures often include a mix of cash and equity.
• The specific amount of equity granted to directors varies based on company size, performance, and industry norms.
• The grant of 746 shares to Michael Nolan is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign.
• The company benefits from conserving cash by issuing stock instead of cash compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Michael Nolan, F&G Annuities & Life, FG, Stock Acquisition, Director Fees