Bhojwani Gary C. 4

What Happened

• Gary C. Bhojwani, Chief Executive Officer of CNO Financial Group (CNO), exercised 44,250 option-derived shares (code M) on June 30, 2026 at $21.06 per share for a cash cost of $931,905. On the same day he sold 44,250 shares and 41,798 shares in two open-market transactions (code S) at a reported weighted average price of $51.48 per share, generating $2,277,809 and $2,151,648 respectively (total proceeds ≈ $4,429,457). The filing also shows 44,250 derivative shares listed as disposed at $0.00 (see footnote).

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 1, 2026 (timely).
• Options exercised: 44,250 shares at $21.06 ($931,905).
• Sales: 44,250 shares and 41,798 shares at a weighted average of $51.48/share (range $50.98–$52.13); total proceeds ≈ $4,429,457.
• Additional entry: 44,250 derivative shares reported disposed at $0.00 (often reflects shares surrendered for exercise cost or tax withholding — see footnote).
• Footnotes: F1 — sales pursuant to a Rule 10b5-1 plan adopted March 31, 2026; F2 — weighted average sale price with per-share range $50.98–$52.13; F3 — option vesting history (half vested Feb 23, 2019; half Feb 23, 2020).
• Shares owned after the transactions: not specified in the provided excerpt of the Form 4.

Context

• The filing shows an option exercise followed by same-day sales — a common pattern when executives exercise vested options and sell shares, sometimes under pre-established 10b5-1 plans. The presence of a 10b5-1 plan (F1) indicates these sales were pre-planned, which is often routine and not necessarily a directional signal about the company.