McKenney Richard P 4
4 · Unum Group · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Unum (UNM) CEO Richard McKenney Receives RSU Award; Shares Withheld
What Happened
Richard P. McKenney, President & CEO and a director of Unum Group (UNM), was granted 78,768 restricted stock units (RSUs) on March 1, 2026 (acquisition code A). On the same date, 34,032 shares were withheld/disposed to satisfy tax withholding obligations related to RSU vestings (transaction code F) at $71.73 per share, generating proceeds of approximately $2,441,116.
Key Details
- Transaction date: 2026-03-01 (Form 4 filed 2026-03-03). Filing appears timely.
- Withheld/disposed shares (tax withholding): 12,423 @ $71.73 = $891,102; 13,235 @ $71.73 = $949,347; 8,374 @ $71.73 = $600,667. Total ≈ $2.44M.
- Award (acquired): 78,768 RSUs @ $0.00 (stock-settled RSUs).
- Shares owned after transactions (per footnote): beneficial ownership includes 161,574 RSUs and 778,864 shares of common stock (see footnote F8).
- Footnotes: withheld shares were used to satisfy tax withholding on RSU vestings (see F1, F3, F5). The reported RSUs are stock-settled and may settle 1-for-1 in shares; some RSUs vest in three near-equal annual installments beginning March 1, 2027 (F7).
- Transaction codes: A = award/grant; F = shares withheld for tax withholding (not an open-market sale).
Context
This was primarily an equity award (RSUs) plus routine tax-withholding shares being surrendered/withheld — a common "cashless" settlement on RSU vesting. The disposals were for tax purposes, not open-market selling that would more directly signal trading intent.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-01$71.73/sh−12,423$891,102→ 883,279 total - Tax Payment
Common Stock
[F3][F4]2026-03-01$71.73/sh−13,235$949,347→ 870,044 total - Tax Payment
Common Stock
[F5][F6]2026-03-01$71.73/sh−8,374$600,667→ 861,670 total - Award
Common Stock
[F7][F8]2026-03-01+78,768→ 940,438 total
- 15,000(indirect: By SLAT)
Common Stock
- 45,000(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]Shares withheld to satisfy tax withholding obligation applicable to the vesting of 33,575 stock-settled RSUs (as defined in footnote (2) below).
- [F2]Includes 141,207 restricted stock units and 742,072 shares of common stock. All restricted stock units ("stock-settled RSUs") may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.
- [F3]Shares withheld to satisfy tax withholding obligation applicable to the vesting of 35,769 stock-settled RSUs.
- [F4]Includes 105,438 stock-settled RSUs and 764,606 shares of common stock. Fractional amounts have been rounded to the nearest whole number.
- [F5]Shares withheld to satisfy tax withholding obligation applicable to the vesting of 22,632 stock-settled RSUs.
- [F6]Includes 82,806 stock-settled RSUs and 778,864 shares of common stock. Fractional amounts have been rounded to the nearest whole number.
- [F7]All are stock-settled RSUs, which vest in three near-equal annual installments beginning on March 1, 2027.
- [F8]Includes 161,574 stock-settled RSUs and 778,864 shares of common stock. Fractional amounts have been rounded to the nearest whole number.