CNO (NYSE: CNO) chief actuary surrenders shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group’s Chief Actuary, Jeremy D. Williams, reported a routine tax-related share disposition. On March 25, he surrendered 1,005 shares of common stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units. After this transaction, he directly owned 62,163 shares of CNO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Jeremy D.
Role
Chief Actuary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,005 | $40.61 | $41K |
Holdings After Transaction:
Common Stock — 62,163 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CNO (CNO) report for its Chief Actuary?
CNO’s Chief Actuary, Jeremy D. Williams, surrendered 1,005 shares of common stock at $40.61 per share. The shares were delivered back to the company to cover tax withholding on vested restricted stock units, rather than sold in the open market.
Was the CNO (CNO) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,005 shares of CNO common stock were surrendered to the issuer specifically to satisfy required tax withholding on vested restricted stock units, as disclosed in the footnote.
What does transaction code "F" mean in the CNO Form 4 filing?
In this CNO Form 4, transaction code "F" indicates a tax-withholding disposition. It means shares were delivered to the issuer to pay the exercise price or tax liability, here covering tax on vested restricted stock units, rather than representing a discretionary market sale.