McKenney Richard P 4
Research Summary
AI-generated summary
Unum Group (UNM) CEO Richard McKenney Sells 24,935 Shares
What Happened
- Richard P. McKenney, President & CEO and director of Unum Group (UNM), had 24,935 shares disposed (withheld) at $71.64 per share on 2026-02-16, a value of approximately $1,786,343. This disposition was a tax withholding to satisfy obligations tied to the vesting of 63,365 stock success units (SSUs), not an open-market sale for investment purposes.
Key Details
- Transaction date and price: 2026-02-16, 24,935 shares at $71.64 each (total ≈ $1,786,343).
- Transaction code: F — shares withheld to satisfy tax withholding on vested equity.
- Holdings reported after transaction: 720,920 shares of common stock and 174,782 restricted stock units (RSUs) (per filing footnote).
- Footnotes: The withheld shares relate to the third and final vesting tranche of 63,365 SSUs from an Aug 20, 2020 grant; SSUs and RSUs are settled 1-for-1 in common stock. Fractional shares were rounded.
- Filing: Report covers transaction on 2026-02-16 and was filed on 2026-02-18 (not indicated as late).
Context
- This was a routine tax-withholding disposition tied to equity vesting (cashless in effect via share withholding), not an intentional open-market sale signaling a change in conviction. SSUs vested after performance metrics for the period Jan 1, 2021–Dec 31, 2025 were certified, triggering the withholding.