Pyne Christopher W 4

What Happened

• Christopher W. Pyne, EVP, Group Benefits at Unum Group (UNM), had a grant/award recorded and related tax-withholding transactions on March 1, 2026. The filing shows an acquisition (award) of 12,460 shares (A) at $0.00 and three dispositions labeled as tax-withholdings (F) of 1,161, 1,168 and 1,198 shares each, disposed at $71.73 per share, totaling $252,993 (≈$253K). The withholding transactions were to satisfy tax obligations tied to vesting of previously granted RSUs.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Withheld (disposed) shares: 1,161 + 1,168 + 1,198 = 3,527 shares at $71.73 each; proceeds ≈ $252,993.
• Award/acquisition: 12,460 shares reported as granted (A) at $0.00.
• Holdings note: the filing’s footnotes indicate Pyne holds a mix of restricted stock units and common shares (see footnotes; e.g., references to 24,691 RSUs and 32,429 shares).
• Important footnotes: F1/F3/F5 — shares were withheld to satisfy tax withholding on RSU vesting; F7 — the newly reported RSUs are stock-settled and vest in three near-equal annual installments beginning March 1, 2027.
• No indication this was a 10% owner transaction; these are routine executive award and withholding actions, not an open-market sale or purchase.

Context

• The disposals here are tax-withholding (not market sales): companies commonly withhold shares when RSUs vest to cover tax obligations, which reduces the net shares received by the insider.
• The primary actionable item for investors is the grant of RSUs (a form of compensation), not an investment by the insider. These filings are informational and do not necessarily indicate the insider’s view of the company’s stock.