Form 4: Genworth Financial EVP Jerome T. Upton Reports Stock Transactions

Jerome T. Upton, EVP & Chief Financial Officer of Genworth Financial, reports the vesting and settlement of Performance Stock Units and subsequent tax withholding.

Summary

• On March 1, 2024, Jerome T. Upton, EVP & Chief Financial Officer of Genworth Financial, had Performance Stock Units vest and settle into 142,626 shares of Class A Common Stock.
• The company withheld 62,685 shares of common stock at a price of $6.15 to satisfy tax withholding obligations related to the vested Performance Stock Units.
• Following these transactions, Upton directly owns 322,167 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions. The vesting of PSUs is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of Performance Stock Units indicates that performance goals were likely met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Key Dates