CNO Financial (NYSE: CNO) officer surrenders 202 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group Chief Accounting Officer Joel T. Koehneman reported a routine tax-related share transaction. On March 25, he surrendered 202 shares of common stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units. After this non-market disposition, he directly holds 5,090 shares of CNO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Koehneman Joel T.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 202 | $40.61 | $8K |
Holdings After Transaction:
Common Stock — 5,090 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CNO (CNO) disclose for Joel T. Koehneman?
CNO disclosed that Chief Accounting Officer Joel T. Koehneman surrendered 202 shares of common stock to the company. This covered tax withholding on vested restricted stock units and was not an open-market sale of shares.
Was the CNO (CNO) Koehneman transaction an open-market sale of stock?
No, the transaction was not an open-market sale. The 202 shares were surrendered back to CNO to satisfy required tax withholding on vested restricted stock units, a common non-discretionary payroll-related mechanism.
What does transaction code F mean in the CNO (CNO) Form 4 for Koehneman?
Transaction code F indicates shares were used to pay an exercise price or satisfy tax liability. In this case, 202 CNO shares were surrendered to cover required tax withholding on vested restricted stock units, rather than sold on the market.
What do the CNO (CNO) Form 4 footnotes reveal about Koehneman’s transaction?
The footnote explains the 202 surrendered shares covered required tax withholding on vested restricted stock units. It clarifies the disposition was a routine, issuer-directed tax event, not a discretionary sale by Joel T. Koehneman in the open market.