Van Wyk Steven C. 4
Research Summary
AI-generated summary
Genworth (GNW) Director Steven C. Van Wyk Receives RSU Award
What Happened Steven C. Van Wyk, a director of Genworth Financial, was granted 32,100 restricted stock units (RSUs) on May 20, 2026. The grant was recorded at a per-share valuation of $9.03, for a total value of $290,007. This is an award/grant (A) reported on the Form 4 and represents compensation rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-20; Form filed: 2026-05-21 (timely filing).
- Transaction type/code: Award/Grant (A) — 32,100 RSUs acquired at $9.03 per share (total $290,007).
- Footnote F1: These RSUs were awarded as payment for part of Van Wyk’s annual director retainer; they vest on the one-year anniversary of the grant and convert to common shares on vesting unless the director elected to defer receipt.
- Footnote F2: The number of RSUs was determined using the 20-day average trading price per share.
- Shares owned after transaction: Not specified in the provided filing details.
- No 10b5-1 plan, tax-withholding sale, or sale-of-shares-on-exercise noted in the provided data.
Context RSU grants are a form of compensation and usually indicate ongoing director pay rather than a market signal of buying or selling. These RSUs will convert into actual Genworth shares only if/when they vest (one year after the grant) or per any deferral election; they were not sold or purchased in the open market at the time of the grant.