Johnson Eric R. 4
Research Summary
AI-generated summary
CNO (CNO) CIO Eric R. Johnson Surrenders 7,081 Shares for Taxes
What Happened
- Eric R. Johnson, Chief Investment Officer of CNO Financial Group (CNO), surrendered 7,081 shares on 2026-03-25 to satisfy tax withholding related to vested restricted stock units. The shares were valued at $40.61 each, totaling approximately $287,559. This was a tax-withholding disposition (not an open-market sale or a purchase).
Key Details
- Transaction date and price: 2026-03-25 at $40.61 per share.
- Shares disposed: 7,081; total value ≈ $287,559.
- Transaction code: F — payment of exercise price or tax liability (shares surrendered to issuer).
- Footnote: Shares were surrendered to the issuer to cover required tax withholding on vested restricted stock units (per filing).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Filing: Report filed 2026-03-27 (appears to be filed within the typical two-business-day Form 4 window; no late filing flag indicated).
Context
- Surrendering shares to cover tax withholding on RSUs is a routine administrative action (a cashless settlement) and is generally not interpreted the same as an open-market sale. It reflects compensation tax obligations rather than a directional bet on the stock.