CNO (CNO) CEO uses 45,746 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNO Financial Group Chief Executive Officer Gary C. Bhojwani reported a tax-related share disposition. On March 25, 2026, he surrendered 45,746 shares of Common Stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units.
After this withholding transaction, Bhojwani directly owned 231,780 shares of CNO common stock and indirectly owned 635,471 shares through the Gary C. Bhojwani Revocable Trust. The Form 4 does not show any open-market purchase or sale; the reported disposition reflects a compensation-related tax payment mechanism.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bhojwani Gary C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 45,746 | $40.61 | $1.86M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 231,780 shares (Direct);
Common Stock — 635,471 shares (Indirect, Gary C. Bhojwani Revocable Trust)
Footnotes (1)
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FAQ
What insider transaction did CNO (CNO) CEO Gary Bhojwani report?
Gary C. Bhojwani reported surrendering 45,746 shares of CNO common stock to the company. The shares were used to satisfy tax withholding obligations arising from vested restricted stock units, rather than an open-market stock sale or purchase.
Was the CNO (CNO) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered back to CNO Financial Group to cover required taxes on vested restricted stock units, a routine administrative step tied to equity compensation.
What indirect CNO (CNO) holdings does the CEO report after this filing?
In addition to direct ownership, Gary C. Bhojwani reported indirect ownership of 635,471 CNO shares. These shares are held through the Gary C. Bhojwani Revocable Trust, as disclosed in the Form 4 under indirect ownership with the trust identified by name.
What does transaction code F mean in the CNO (CNO) CEO’s Form 4?
Transaction code F indicates a disposition to pay an exercise price or tax liability using shares. In this case, Bhojwani delivered CNO shares back to the issuer to cover required tax withholding owed on vested restricted stock units granted as compensation.