Corebridge Financial: 10% owner Nippon Life Insurance Co bought 347,195 shares

What happened Nippon Life Insurance Co, a 10% owner, bought 347,195 shares of Corebridge Financial on Oct 16, 2026 in an open-market or private purchase (transaction code P). The filing reports a weighted average price of $34.71 and a total purchase value of $12,052,562.

Key details

• Transaction date and price: Oct 16, 2026 — 347,195 shares acquired at a weighted average price of $34.71; purchases occurred at prices ranging from $34.31 to $35.07 (footnote F3).
• Transaction type: Open market or private purchase (code P).
• Shares owned after the transaction: reporting person beneficial ownership reported as 129,848,103 shares (includes 129,814,832 shares held of record by the reporting person and 33,271 held of record by Nissay Asset Management Corporation) (footnote F2).
• Plan and disclosure notes: purchases were made pursuant to a Rule 10b5-1 plan adopted Aug 7, 2026 (footnote F1). The filing was submitted on Oct 20, 2026.

Why it may matter This was a purchase under a Rule 10b5-1 plan, not an option exercise or a gift. The reporting person is a 10% owner, i.e., a large holder rather than an executive. The filing does not show why the insider traded or why the company acted.