HIGGINS MELINA E 4
Research Summary
AI-generated summary
Genworth (GNW) Director Melina E. Higgins Receives Award
What Happened
Genworth director Melina E. Higgins was granted 31,547 restricted stock units (RSUs) on 2026-05-20. The filing values the award at $9.03 per share for a total grant value of $285,011. This was an award/compensation grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely filing).
- Grant: 31,547 RSUs; valuation used: $9.03 per share; total = $285,011.
- Vesting: RSUs vest on the one-year anniversary of the grant and convert to common shares upon vesting, unless the director elected to defer receipt (Footnote F1).
- Pricing method: Number of RSUs was determined using the 20-day average trading price of the common stock (Footnote F2).
- Shares owned after transaction: not disclosed in the information provided.
Context
This was a routine director compensation award (RSUs) paid as part of an annual retainer. RSU grants are common non-cash compensation and only convert to shares if/when they vest; they are not an immediate market purchase or sale and do not by themselves indicate insider intent to buy or sell stock.