CNO (CNO) General Counsel surrenders shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group General Counsel Matthew J. Zimpfer reported a routine tax-withholding share disposition related to vested restricted stock units. On this transaction, 7,481 shares of common stock were surrendered at a price of $40.61 per share to cover required tax withholding obligations, rather than sold in the open market.
After this tax-withholding event, Zimpfer directly owned 300,456 shares of CNO Financial Group common stock. This type of Form 4 transaction reflects compensation-related share vesting mechanics and does not represent an elective open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zimpfer Matthew J.
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,481 | $40.61 | $304K |
Holdings After Transaction:
Common Stock — 300,456 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CNO (CNO) report for Matthew J. Zimpfer?
CNO reported that General Counsel Matthew J. Zimpfer surrendered 7,481 common shares to the company. The shares were used to cover required tax withholding on vested restricted stock units, rather than being sold in the open market.
Was the recent CNO (CNO) Form 4 a stock sale by the General Counsel?
The Form 4 does not show an open-market stock sale. Instead, 7,481 shares were surrendered back to CNO to satisfy tax withholding on vested restricted stock units, a common compensation-related, non-discretionary transaction for executives.
What does transaction code F mean in the CNO (CNO) Form 4 filing?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 7,481 shares were surrendered to CNO to cover required tax withholding on vested restricted stock units, not sold in a market transaction.
Is the CNO (CNO) General Counsel’s Form 4 transaction considered routine?
Yes, the filing describes a compensation-related, routine event. Shares were surrendered to satisfy tax withholding on vested restricted stock units, a standard mechanism for handling executive equity awards, rather than a discretionary decision to buy or sell shares.