Form 4: Genworth Financial Executive Jerome T. Upton Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Financial Officer of Genworth Financial, Jerome T. Upton, reports the vesting and conversion of restricted stock units into Class A Common Stock and the withholding of shares for tax obligations.
Summary
- On March 25, 2024, Jerome T. Upton, EVP & Chief Financial Officer of Genworth Financial Inc., had 24,802 Restricted Stock Units vest and convert into Class A Common Stock.
- The company withheld 10,318 shares of Class A Common Stock at a price of $6.34 to satisfy tax withholding obligations related to the vesting of the Restricted Stock Units.
- Following these transactions, Upton directly owns 336,651 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Restricted Stock Units vested and converted to Class A Common Stock; Company withheld shares for tax obligations. |
| 03/26/2024 | Date of signature for the report. |
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