CNO (CNO) executive surrenders 4,056 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group, Inc. executive Karen J. DeToro, President of the Worksite Division, surrendered 4,056 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, she directly holds 50,524 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeToro Karen J.
Role
President, Worksite Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,056 | $40.61 | $165K |
Holdings After Transaction:
Common Stock — 50,524 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CNO (CNO) report for Karen J. DeToro?
CNO reported that executive Karen J. DeToro surrendered 4,056 common shares to the company to cover required tax withholding on vested restricted stock units. This was a non-market tax-withholding disposition rather than a traditional open-market stock sale.
Was the CNO (CNO) insider transaction a stock sale on the open market?
No. The transaction was coded as tax-withholding (code F), meaning shares were surrendered to CNO to cover taxes on vested restricted stock units. It does not represent an open-market sale or a discretionary trade by the executive.
What does transaction code F mean in the CNO (CNO) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this CNO filing, it reflects shares surrendered to the issuer by Karen J. DeToro to cover required tax withholding on vested restricted stock units.