Form 4: Genworth Financial Executive Reports Stock Award Vesting and Tax Withholding

Mark Blakeley Hodges, EVP and Chief Risk Officer of Genworth Financial, reports the vesting of performance stock units and subsequent tax withholding.

Summary

• On March 3, 2025, Mark Blakeley Hodges, EVP and Chief Risk Officer of Genworth Financial, had 25,409 performance stock units vest and settle into common stock.
• The company withheld 11,460 shares of common stock to satisfy tax withholding obligations related to the vesting of these performance stock units at a price of $6.96 per share.
• Following these transactions, Hodges directly owns 96,216 shares of Genworth Financial common stock and indirectly owns 4,560.366 shares through a 401(k).
• The performance stock units were granted on March 23, 2022, and fully vested on March 3, 2025, settling in common stock on a 1:1 basis.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.

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 awarded compensation.

Stakeholder Impact

• The vesting of stock units and subsequent tax withholding have a minor dilutive effect on existing shareholders.

Key Dates