Corebridge (CRBG) 10% Owner Nippon Life Buys 210,903 Shares
$CRBG · Corebridge Financial, Inc.Research Summary
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Corebridge (CRBG) 10% Owner Nippon Life Buys 210,903 Shares
What Happened
Nippon Life Insurance Co., listed as a 10% owner of Corebridge Financial, purchased 210,903 shares of Corebridge common stock on September 15, 2026. The filing reports a weighted-average purchase price of $35.02 per share, totaling approximately $7,385,802. This was a purchase (an acquisition), which is generally considered more informative than routine sales but does not by itself indicate the reporting person's motives.
Key Details
- Transaction date: 2026-09-15; filing date: 2026-09-17 (filed within normal Form 4 timing).
- Price: weighted average $35.02; purchases occurred at prices ranging from $34.76 to $35.38.
- Shares acquired: 210,903 shares; aggregate reported value: ~$7.39 million.
- Shares owned after transaction: filing indicates the reporting person held 122,947,036 shares of record plus 33,271 shares held by a wholly owned subsidiary; adding the new purchase implies beneficial ownership of ~123,191,210 shares.
- Notable footnotes: the purchases were made under a Rule 10b5-1 trading plan adopted August 7, 2026; the filing discloses the weighted-average price and the range of prices and offers to provide breakdowns on request.
Context
As a 10% owner (an institutional holder), Nippon Life is not an individual executive; institutional buys can reflect portfolio management decisions rather than insider views on near-term company prospects. The use of a 10b5-1 plan indicates trades were pre-planned under an established schedule or formula.