Echevarria Joseph 4
Research Summary
AI-generated summary
Unum Group (UNM) Director Joseph Echevarria Receives 3,731 RSUs
What Happened
- Joseph Echevarria, a director of Unum Group (UNM), was granted a total of 3,731 restricted stock units (RSUs) on 2026-05-26: 2,191 RSUs and 1,540 RSUs. Each grant shows an acquisition price of $0.00 (standard for awards), so no cash changed hands. The RSUs vest on the earlier of May 26, 2027 or Unum’s next annual shareholder meeting.
Key Details
- Transaction date: 2026-05-26; Filing date (Form 4): 2026-05-28 (timely filing).
- Grant amounts: 2,191 RSUs and 1,540 RSUs (total 3,731 RSUs); reported acquisition price $0.00.
- Vesting: RSUs vest on earlier of May 26, 2027 or the next annual meeting (Footnote F1).
- Beneficial ownership after transaction (per filing footnotes): includes 45,318 deferred share rights (DSRs), 54,574 RSUs, and 2,198 shares of common stock (DSRs/RSUs settle 1-for-1 in shares) (Footnotes F2, F5).
- Other notes: Some DSRs represent deferred cash retainer (Footnote F4). Footnote F3 explains adjustments from dividend reinvestments and prior Form 4 activity. Fractional amounts were rounded to whole shares.
Context
- This is an award/grant (code A) — not a market purchase or sale — and is a common form of director compensation. DSRs and RSUs typically convert to common shares upon settlement; they do not indicate an immediate cash transaction or sale. The filing was submitted within the normal reporting window.