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 the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- Melissa Hagerman, EVP and Chief HR Officer at Genworth Financial, reported transactions involving restricted stock units and common stock on February 14, 2025.
- A total of 21,891 restricted stock units vested and converted into common stock.
- Additionally, 30,865 restricted stock units vested and converted into common stock.
- The company withheld 7,253 and 9,291 shares of common stock to cover tax obligations related to the vesting of these restricted stock units, respectively, at a price of $7.3.
- Following these transactions, Hagerman directly owns 74,178 and 95,752 shares of Genworth Financial common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track ownership changes.
Stakeholder Impact
- Shareholders may be interested in tracking executive stock ownership as an indicator of management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Restricted Stock Units vested and converted to Common Stock |
| 02/19/2025 | Date of signature for the Form 4 filing |
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