Hagerman Melissa 4

What Happened

• Melissa Hagerman, EVP & Chief Human Resources Officer at Genworth Financial (GNW), had 21,892 restricted stock units (RSUs) vest and convert into common shares on February 13, 2026. The company withheld 7,184 of those shares to satisfy tax withholding (valued at $8.92/share, $64,081). Net shares delivered to Hagerman were approximately 14,708 (21,892 less 7,184), worth about $131,196 at the $8.92 withholding price.
• This was a vesting/settlement of RSUs (an award conversion), not an open-market purchase or sale by the insider.

Key Details

• Transaction date: February 13, 2026 (filing date: February 18, 2026).
• Transactions reported: Conversion/settlement of 21,892 RSUs (code M) and withholding/disposition of 7,184 shares for tax (code F) at $8.92/share = $64,081.
• Net shares received: ~14,708 shares (21,892 vested − 7,184 withheld).
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnotes: RSUs settle 1:1 into common stock; the company withheld shares to satisfy tax obligations; the RSUs vested and converted on Feb 13, 2026.
• Timeliness: The transaction occurred Feb 13 and the Form 4 was filed Feb 18 (5 days later), which is beyond the typical two-business-day reporting window for insiders.

Context

• RSU vesting and company share-withholding for taxes is a routine administrative event and does not indicate a discretionary open-market sale by the insider. The filing shows a conversion/settlement of a derivative (RSUs) rather than an exercise-and-sell or an outright sale.