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Unum Group·4

Mar 3, 5:47 PM ET

Zabel Steven Andrew 4

Research Summary

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Updated

Unum (UNM) CFO Steven Zabel Receives 17,840 RSUs

What Happened

  • Steven Andrew Zabel, Chief Financial Officer of Unum Group (UNM), received a grant of 17,840 restricted stock units (stock-settled RSUs) on March 1, 2026 (reported on Form 4 filed March 3, 2026). The RSUs are reported at $0.00 per share for grant purposes; at the reported per-share price of $71.73 the grant’s market value is roughly $1.28 million.
  • To satisfy tax withholding related to vested RSUs, 7,377 shares were withheld (disposed) the same day in three withholding events: 2,430 shares ($174,304), 3,090 shares ($221,646), and 1,857 shares ($133,203), totaling $529,153. Transaction codes reported: A = award/grant, F = shares withheld for tax withholding.

Key Details

  • Transaction date: March 1, 2026 (Form 4 filed March 3, 2026 — timely filing).
  • Withheld (disposed) shares: 2,430 @ $71.73 ($174,304); 3,090 @ $71.73 ($221,646); 1,857 @ $71.73 ($133,203). Total withheld value: $529,153.
  • Award: 17,840 stock-settled RSUs granted at $0.00 (approx. $1.28M market value at $71.73/share).
  • Holdings/footnotes: filing notes multiple balances of RSUs and common shares (examples in footnotes include tens of thousands of RSUs and >70,000 common shares). Footnotes indicate RSUs are 1-for-1 stock-settled and fractional amounts were rounded.
  • Notable footnotes: the disposals were tax withholding (F1, F3, F5); the RSUs vest in three near-equal annual installments beginning March 1, 2027 (F7). This is not an open-market sale — it’s routine withholding to cover taxes on vesting.

Context

  • These transactions are compensation-related: the 17,840 RSUs are a grant (not an immediate open-market purchase) and will vest per the schedule noted; the withheld shares are a cashless method of satisfying tax obligations and do not necessarily indicate a sell decision by the insider.
  • For retail investors: grants and tax-withholdings are common when executives receive equity-based compensation. Purchases by insiders tend to be more informative of personal bullishness than standard compensation-related grants or withholdings.