Research Summary
AI-generated summary of this SEC filing
Unum (UNM) Director Timothy Keaney Sells 4,300 Shares
What Happened Timothy F. Keaney, a director of Unum Group (UNM), sold 4,300 shares in an open-market transaction on 2026-09-10 at $94.02 per share, for total proceeds of approximately $404,286. This was a sale (not a purchase or option exercise), which is often a routine liquidity event rather than a direct signal about company prospects.
Key Details
- Transaction date: 2026-09-10; Sale price: $94.02; Shares sold: 4,300; Gross proceeds: ~$404,286.
- Transaction type on Form 4: S (sale) — open market/private sale.
- Shares owned after the transaction (per filing footnote): 33,189 shares of common stock, plus 1,123 deferred share rights (DSRs) and 2,191 restricted stock units (RSUs). DSRs and RSUs may be settled 1-for-1 into common shares; fractional amounts rounded to nearest whole share.
- Footnote detail: The beneficial ownership figure includes an exempt acquisition of 6.042 DSRs from dividend reinvestment since the reporting person's prior Form 4.
- Filing timeliness: Form 4 was filed on 2026-09-11 for a 2026-09-10 transaction — filed promptly (not marked late).
Context
- Sales by directors can be for many personal reasons (taxes, diversification, liquidity); they do not by themselves prove a change in company outlook. Purchases tend to carry more informational weight for investors.
- The filing shows holdings that include both current common shares and equity awards (DSRs/RSUs) that can convert to shares, which affects the director’s effective exposure to UNM stock.