McKenney Richard P 4

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.