Corebridge (CRBG) 10% Owner Nippon Life Buys 136,466 Shares
$CRBG · Corebridge Financial, Inc.Research Summary
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Corebridge (CRBG) 10% Owner Nippon Life Buys 136,466 Shares
What Happened
Nippon Life Insurance Company, reported as a 10% owner of Corebridge Financial, purchased 136,466 shares of Corebridge common stock on September 9, 2026. The shares were acquired at a weighted average price of $33.78 per share for a total reported outlay of $4,609,644. This was a purchase (buy), which is generally viewed as a constructive signal compared with a sale, though the trade was executed under a pre-established plan.
Key Details
- Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-11) — filing appears timely (within the usual 2-business-day window).
- Transaction type/code: Purchase (P).
- Shares acquired: 136,466 shares.
- Price: Weighted average $33.78; trades occurred in the range $33.49 to $33.98. The filer will provide per-price breakdown on request (see footnote).
- Reported value: $4,609,644 (approx.).
- Beneficial ownership note (footnote F2): Reporting person holds 122,092,722 shares of record plus 33,271 shares held of record by a wholly owned subsidiary — total 122,125,993 shares reported as beneficially owned per the filing footnote.
- Plan/other note (footnote F1 & F3): Purchases were made pursuant to a Rule 10b5-1 trading plan adopted August 7, 2026; price shown is a weighted average across multiple executions.
Context
This filing is from a 10% owner (institutional holder), not a Corebridge executive — institutional Form 4 purchases can reflect portfolio management or plan-driven buying rather than direct management sentiment. The use of a 10b5-1 plan means trades were pre-planned and executed automatically according to the plan’s terms; that is factual, not a commentary on future performance.