McDonough Paul H. 4
Research Summary
AI-generated summary
CNO CFO Paul McDonough Surrenders 13,063 Shares for Taxes
What Happened
Paul H. McDonough, Chief Financial Officer of CNO Financial Group (CNO), surrendered 13,063 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 $530,488. This was a tax-withholding disposal (not an open-market sale or a purchase).
Key Details
- Transaction date: 2026-03-25; filing date: 2026-03-27 (Form 4 accession 0001328599-26-000004).
- Price per share: $40.61; total value reported: $530,488.
- Transaction code: F (payment of exercise price or tax liability). Footnote F1: shares were surrendered to the issuer to cover required tax withholding on vested RSUs.
- Shares owned after the transaction: not specified in the provided filing.
- No late-filing flag appears in the filing; transaction reported on the Form 4 filed 3/27 for the 3/25 transaction.
Context
Surrendering shares to cover taxes on vested RSUs is a common, routine administrative transaction and does not necessarily signal a change in the insider’s view of the company. Unlike open-market sales, these shares are returned to the issuer to cover withholding obligations rather than being sold on the market.