Novak Jonathan J 4

What Happened Jonathan J. Novak, President of Institutional Markets at Corebridge Financial (CRBG), was granted equity awards on February 19, 2026. The filing shows 15,367 restricted stock units (RSUs) granted (no cash paid) and a 61,768-unit derivative award recorded the same day. Per the filing footnotes, the 61,768 derivative award includes 56,267 RSUs and an employee stock option component. The grants are awards (code A) rather than purchases or sales.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (timely — within SEC’s 2 business-day rule).
• Award amounts: 15,367 RSUs (grant #1) and 61,768 units recorded as a derivative award (grant #2).
• Price: $0.00 per unit (typical for grants/awards).
• Vesting:
  • The 15,367 RSUs vest in three equal installments on the first, second and third anniversaries of Feb 19, 2026, subject to continued employment.
  • The employee stock option portion vests in three equal annual installments beginning Feb 19, 2027, subject to continued employment.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 explains the 15,367 RSUs and their vesting; F2 notes inclusion of 56,267 RSUs in the derivative total; F3 describes the employee stock option and its vesting schedule.

Context

• RSUs are contingent rights to receive common stock upon vesting and do not involve immediate cash outlay or sale of shares; they are compensation awards.
• The option portion vests over time and does not reflect an immediate exercise or sale; there is no indication in this filing of a cashless exercise or disposition.
• These awards are typical executive compensation actions and do not alone indicate a buy or sell sentiment.