Tax withholding leads CNO (NYSE: CNO) CFO to surrender shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group Chief Financial Officer Paul H. McDonough surrendered 13,063 shares of common stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units. This was a tax-withholding disposition, not an open-market sale. After the transaction, he directly holds 234,939.077 shares of CNO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonough Paul H.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,063 | $40.61 | $530K |
Holdings After Transaction:
Common Stock — 234,939.077 shares (Direct)
Footnotes (1)
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FAQ
What did CNO (CNO) CFO Paul McDonough report in this Form 4?
CNO’s CFO Paul McDonough reported surrendering 13,063 common shares to the company to pay taxes on vested restricted stock units. This was a tax-withholding transaction, not an open-market trade, and reflects routine handling of equity-based compensation obligations.
What does transaction code F mean in the CNO (CNO) Form 4?
Code F on the CNO Form 4 indicates shares were used to pay an exercise price or tax liability. Here, 13,063 shares were surrendered to satisfy required tax withholding on vested restricted stock units, rather than being sold in the open market for investment purposes.
Does the CNO (CNO) CFO’s Form 4 indicate any option exercises?
The reported transaction involves only common stock surrendered for tax withholding on vested restricted stock units. The derivative transaction summary shows no option exercises in this filing, highlighting that the activity is limited to tax-related handling of equity compensation rather than option conversions.