Bhojwani Gary C. 4
Research Summary
AI-generated summary
CNO CEO Gary Bhojwani Surrenders 45,746 Shares for Taxes
What Happened
Gary C. Bhojwani, CEO of CNO Financial Group (CNO), surrendered 45,746 shares on 2026-03-25 to satisfy required tax withholding tied to vested restricted stock units (RSUs). The shares were valued at $40.61 each, totaling $1,857,745 (reported as a disposition).
Key Details
- Transaction date: 2026-03-25; filing date (Form 4): 2026-03-27.
- Price: $40.61 per share; total value: $1,857,745.
- Shares disposed: 45,746 (transaction code F — tax withholding).
- Footnote: Shares were surrendered to the issuer to cover required tax withholding on vested RSUs (cashless/share-surrender withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- No late filing flag indicated in the information provided.
Context
This was a routine tax-withholding transaction related to RSU vesting, not an open-market sale for liquidity or a purchase signal. Such share surrenders are common when companies permit withholding in shares to cover employee tax obligations and do not by themselves indicate the insider’s view on the company’s stock.