Form 4: Unum Group Executive Vice President Martha Leiper Reports Changes in Beneficial Ownership

Martha Leiper, EVP and Chief Investment Officer of Unum Group, reports transactions involving common stock, including acquisitions and disposals to cover tax obligations related to vesting restricted stock units.

Summary

• On March 1, 2025, Martha Leiper, EVP and Chief Investment Officer of Unum Group, reported changes in her beneficial ownership of Unum Group common stock.
• She disposed of shares to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
• Specifically, 1,391 shares were disposed of at a price of $82.29, related to 3,757 stock-settled RSUs.
• An additional 477 shares were disposed of at $82.29 related to 2,165 stock-settled RSUs.
• Another 460 shares were disposed of at $82.29 related to 2,088 stock-settled RSUs.
• She also acquired 4,338 shares of stock-settled RSUs at $0, which vest in three near-equal annual installments starting March 1, 2026.
• Following these transactions, Leiper's beneficial ownership includes 68,356 shares, encompassing 10,810 stock-settled RSUs, 1,700 stock success units (SSUs), and 55,846 shares of common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. It doesn't indicate any significant positive or negative developments for the company.

Positives

• The acquisition of 4,338 stock-settled RSUs indicates continued alignment of the executive's interests with the company's long-term performance.

Future Outlook

The acquired RSUs vest in three near-equal annual installments beginning on March 1, 2026, suggesting a continued long-term incentive for the reporting person.

Industry Context

Form 4 filings are a routine part of executive compensation and ownership transparency in publicly traded companies. The transactions reflect standard practices for managing equity-based compensation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• Companies like MetLife (MET) and Prudential Financial (PRU) also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and tax withholding practices observed in this filing are consistent with industry norms.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates