Form 4: F&G EVP Withholds 5,037 Shares for Taxes

EVP, CLO & Treasurer Wendy J.B. Young reported a Code F withholding of 5,037 FG shares at $32.46, retaining 114,722.5467 shares directly.

Summary

• Wendy J.B. Young (EVP, CLO & Treasurer) reported a Code F transaction on 2025-11-14 involving 5,037 shares of F&G Annuities & Life, Inc. (FG).
• Code F indicates shares were withheld to satisfy tax liabilities related to an equity award, rather than a discretionary open-market sale.
• Shares were disposed at $32.46 per share.
• Post-transaction direct beneficial ownership stands at 114,722.5467 shares.
• Ownership remains direct; no indirect holdings were reported.
• Form was signed by attorney-in-fact on 2025-11-18.

Sentiment

Score: 5

Explanation: Routine, non-discretionary tax withholding; neutral signal.

Positives

• Transaction type (Code F) suggests a tax withholding event tied to equity vesting, not an open-market sale.
• Executive retains a substantial stake of 114,722.5467 shares, signaling continued alignment with shareholders.

Negatives

• Share count decreased by 5,037 shares at a reported price of $32.46 per share.

Future Outlook

No forward-looking statements or guidance provided; this is a routine insider ownership update related to tax withholding.

Industry Context

Insider tax-withholding transactions tied to equity vesting are common across financial services and insurance peers, especially around year-end vesting cycles, and typically carry neutral informational value regarding fundamentals.

Comparison to Industry Standards

• Code F withholding events are routine across insurers such as MetLife (MET), Prudential (PRU), and Jackson Financial (JXN) during equity vesting seasons and are generally viewed as neutral.
• Retention of a sizable stake post-transaction aligns with common executive compensation structures in the insurance sector, indicating continued shareholder alignment.

Stakeholder Impact

• Minimal direct impact on shareholders since the transaction appears administrative (tax withholding).
• Executive maintains a significant direct holding (114,722.5467 shares), supporting ongoing alignment with investors.

Key Dates

Keywords

F&G Annuities & Life, FG, Form 4, insider transaction, Code F, tax withholding, Wendy J.B. Young, executive officer, beneficial ownership, life insurance, annuities