Pyne Christopher W 4
Research Summary
AI-generated summary
Unum (UNM) EVP Christopher Pyne Withholds 1,847 Shares for Taxes
What Happened
- Christopher W. Pyne, EVP, Group Benefits at Unum Group (UNM), had 1,847 shares withheld to satisfy tax withholding on the vesting of 4,163 stock success units (SSUs). The shares were valued at $71.64 each, totaling approximately $132,319. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date and price: 2026-02-16, 1,847 shares at $71.64 each (total ~$132,319).
- Nature of transaction: F code — shares withheld to satisfy tax liability on vesting of SSUs (not a voluntary sale).
- Amount owned following transaction: 27,564 shares of common stock and 20,623 restricted stock units (RSUs), totaling 48,187 (fractions rounded).
- Footnotes: F1 — Withholding relates to the third and final tranche (4,163 SSUs) from an Aug 20, 2020 grant; SSUs settle 1-for-1 in common stock after certification of performance for 1/1/2021–12/31/2025. F2 — Holdings include 20,623 RSUs and 27,564 common shares.
- Filing timeliness: Reported on Form 4 dated 2026-02-18 for the 2026-02-16 transaction (appears timely).
Context
- This transaction reflects tax withholding on vested, performance-based SSUs (final tranche), not a purchase or a discretionary sale; such withholdings are common when equity awards vest. SSUs in this case can only be settled into common stock on a 1-for-1 basis.