Form 4: Genworth Financial Executive Andrea White Reports Stock Transactions
SEC Form 4 Filing
Andrea White, President & CEO of CareScout Insurance (a subsidiary of Genworth Financial), reports the vesting of performance stock units and subsequent tax withholding.
Summary
- On March 3, 2025, Andrea White, President & CEO of CareScout Insurance, had 47,641 performance stock units vest and settle into common stock.
- The company withheld 21,487 shares of common stock at a price of $6.96 to satisfy tax obligations related to the vesting.
- Following these transactions, White directly owns 668,255 shares of Genworth Financial common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
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 performance-based equity, a common form of executive compensation.
Stakeholder Impact
- The vesting of stock units and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date Performance Stock Units were granted. |
| March 3, 2025 | Date of vesting and settlement of Performance Stock Units and tax withholding. |
| March 4, 2025 | Date of signature on the Form 4 filing. |
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