Form 4: Genworth Financial Executive Melissa Hagerman Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief HR Officer of Genworth Financial, Melissa Hagerman, reports acquisition and disposal of company stock related to performance stock units.
Summary
- Melissa Hagerman, EVP and Chief HR Officer of Genworth Financial, reported transactions involving Genworth Financial Inc. (GNW) common stock on March 3, 2025.
- Hagerman acquired 47,641 shares of common stock upon the vesting of Performance Stock Units (PSUs) granted on February 17, 2022.
- These PSUs vested fully on March 3, 2025, and were settled in common stock on a 1:1 basis.
- Simultaneously, Hagerman disposed of 21,487 shares to satisfy tax withholding obligations at a price of $6.96 per share.
- Following these transactions, Hagerman beneficially owns 137,084 shares of Genworth Financial Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date Performance Stock Units were granted. |
| March 3, 2025 | Date of stock acquisition and disposal due to PSU vesting and tax withholding. |
| March 4, 2025 | Date of signature on the Form 4 filing. |
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