Hagerman Melissa 4

What Happened

• Melissa Hagerman, EVP and Chief HR Officer of Genworth Financial (GNW), had Restricted Stock Units (RSUs) vest on Feb 26, 2026. A total of 45,157 RSUs converted to common stock (21,716 + 23,441). The company withheld 13,593 shares to cover tax withholding (6,537 + 7,056), leaving a net delivery of 31,564 shares to Hagerman.
• The withholding price used for the tax payment was $8.62 per share, totaling $56,349 and $60,823 for the two withholding events (combined ~$117,172). The filing was submitted on Feb 27, 2026.

Key Details

• Transaction date: February 26, 2026 (reported Feb 27, 2026) — filed within the normal Form 4 window.
• Codes in the filing: M = exercise/conversion of derivative (RSU conversion to common stock); F = payment of tax liability via share withholding.
• Shares converted: 21,716 and 23,441 (total 45,157). Shares withheld for taxes: 6,537 and 7,056 (total 13,593). Net shares delivered: 31,564.
• Withholding value: $8.62 per share; total tax withholding ≈ $117,172.
• Shares owned after the transaction are not specified in the provided filing details.

Context

• This was not an open-market sale or purchase — it was RSU vesting and settlement. The withholding of shares to satisfy taxes is a routine administrative step (a cashless-type settlement) and does not necessarily indicate a buy or sell decision by the insider.
• For retail investors, RSU vesting increases insider ownership (net of withholdings) but is typically part of compensation and not a directional trading signal.