Keaney Timothy F 4
Research Summary
AI-generated summary
Unum (UNM) Director Timothy Keaney Sells 4,500 Shares
What Happened
- Director Timothy F. Keaney sold 4,500 shares of Unum Group (UNM) in an open-market transaction on February 18, 2026, at $72.58 per share, for total proceeds of approximately $326,610. This was a sale (not a purchase or option exercise) and is often a routine liquidity event rather than a direct signal of company prospects.
Key Details
- Transaction date and type: 2026-02-18 — open market sale (Code S), 4,500 shares at $72.58 each.
- Total value: ≈ $326,610.
- Shares owned after transaction (per footnote disclosure): 35,291 shares of common stock plus 1,103 deferred share rights (DSRs) and 2,198 restricted stock units (RSUs). DSRs and RSUs convert 1-for-1 into shares, so total potential ownership shown = 38,592 shares (fractions rounded).
- Footnotes: F1 details the composition (DSRs, RSUs, common shares) and 1-for-1 settlement; F2 notes the reporting amount accounts for delivery of 3,342 RSUs and exempt acquisitions of ~13.838 DSRs since the prior Form 4.
- Filing timeliness: Form filed on 2026-02-20 (two days after the trade), which appears to be timely under standard Form 4 rules.
Context
- This was a straightforward open-market sale (no option exercise, gift, or 10b5-1 plan disclosed). Sales by directors can be routine (diversification, tax, personal liquidity) and should be considered alongside other insider activity and company fundamentals.