Goldberg Scott L. 4
4 · CNO Financial Group, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
CNO Financial President Scott Goldberg Vests Performance Shares
What Happened Scott L. Goldberg, President, Consumer Division of CNO Financial Group (CNO), had 26,071 performance-share units vest on Feb 10, 2026; those shares were valued at $43.05 each for a total of $1,122,357. To cover required tax withholding he surrendered 8,185 of those shares (disposition valued at $352,364). In the same filing he was granted 15,800 restricted stock units (RSUs) (recorded at $0), which convert one-for-one to common stock and vest in three equal annual installments beginning March 25, 2027, subject to continued employment.
Key Details
- Transaction date: 2026-02-10; filing date: 2026-02-12 (Form 4) — appears timely.
- Vested performance shares: 26,071 @ $43.05 = $1,122,357 (Code A).
- Shares surrendered for tax withholding: 8,185 @ $43.05 = $352,364 (Code F).
- New RSU grant: 15,800 units @ $0 (Code A); RSUs vest 1/3 annually starting 3/25/2027.
- Shares owned after the transactions: not disclosed in the filing.
- Relevant footnotes: vesting of PSUs tied to 2023 operating ROE, 2023 operating EPS and 3-year relative TSR (2023–2025); RSUs convert 1:1 and vest over three years; withheld shares were surrendered to cover tax liability.
Context This filing reflects compensation-related vesting (awarded/vested shares) rather than an open-market buy or sell. The surrender of shares to satisfy tax withholding is routine and not a public sale. Performance share units vest based on pre-set performance metrics (per the filing), and the RSU grant is subject to continued employment and future vesting dates.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10$43.05/sh+26,071$1,122,357→ 206,909 total - Tax Payment
Common Stock
[F2]2026-02-10$43.05/sh−8,185$352,364→ 198,724 total - Award
Restricted Stock Units
[F3][F4]2026-02-10+15,800→ 214,524 total
Footnotes (4)
- [F1]Shares were acquired upon the vesting of performance share units for the 2023-2025 performance period, based on the issuer's (i) 2023 operating return on equity, (ii) 2023 operating earnings per share and (iii) three-year relative total shareholder return for 2023-2025.
- [F2]Shares were surrendered to the issuer to cover the required tax withholding on the vested performance share units.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]The restricted stock units vest in three equal annual installments beginning March 25, 2027, subject to continued employment with the issuer or one of its subsidiaries.