Form 4: F&G Chair Withholds 20,995 Shares for Taxes

Executive Chairman William P. Foley II withheld 20,995 FG shares at $32.46 for taxes and now directly holds 1,125,118 shares.

Summary

• On 2025-11-14, Executive Chairman and Director William P. Foley II disposed of 20,995 FG common shares at $32.46 under transaction code F (tax withholding related to equity vesting).
• Direct beneficial ownership after the transaction: 1,125,118 FG shares.
• Indirect holdings: 86,076 shares via BilCar LLC; 48,151 shares via Foley Family Charitable Foundation; 152,668 shares via Folco Development Corporation.
• Aggregate beneficial ownership across direct and indirect holdings: 1,412,013 shares.
• No derivative securities were reported.
• Signed by attorney-in-fact Tessa Cantonwine on 2025-11-18.

Sentiment

Score: 5

Explanation: Neutral administrative insider transaction for tax withholding; substantial ongoing ownership retained.

Positives

• Transaction coded F indicates a non-discretionary tax withholding event, not an open-market sale.
• Executive maintains a substantial direct stake of 1,125,118 shares, with 1,412,013 shares beneficially owned in total, aligning interests with shareholders.

Negatives

• Insider share disposition of 20,995 shares may be viewed negatively by some investors despite being tax-related.
• No additional context on the underlying award vesting size or remaining unvested equity.

Future Outlook

No forward-looking statements or guidance provided.

Industry Context

Routine insider tax-withholding transactions upon equity award vesting are common across financial services firms and generally carry neutral signaling for company fundamentals.

Comparison to Industry Standards

• Code F tax-withholding dispositions are standard practice and typically viewed as neutral; comparable events are regularly reported by executives at peers such as MetLife (MET), Prudential Financial (PRU), and Globe Life (GL).
• Continuation of a sizable ownership position aligns with governance best practices that emphasize executive-shareholder alignment.
• No open-market selling indicated, which is consistent with routine post-vesting withholding seen across the sector.

Stakeholder Impact

• Minimal impact expected for shareholders as the disposition was for tax withholding, not an open-market sale.
• Executive-shareholder alignment remains strong given 1,125,118 direct shares and 1,412,013 total beneficial shares.

Key Dates

Keywords

F&G Annuities & Life, FG, William P. Foley II, Form 4, insider transaction, tax withholding, Executive Chairman, beneficial ownership, BilCar LLC, Foley Family Charitable Foundation, Folco Development Corporation