Alvero Gumer 4

What Happened
Alvero Gumer, President — Insurance & Annuities at Ameriprise Financial (AMP), exercised stock options and sold shares on February 9, 2026. He exercised options to acquire 8,293 shares (3,428 shares at a $179.84 exercise price and 4,865 shares at a $126.89 exercise price), representing acquired value of $1,233,812 based on the reported exercise prices. To cover tax withholding and for other disposition, 4,950 shares were surrendered/withheld (valued at $2,686,756) and an additional 4,658 shares were sold in the open market for $2,528,746. Total proceeds from the disposed shares were about $5.22 million. The filing shows the derivative conversion entries (zero-dollar disposals) associated with the option exercises.

Key Details

• Transaction date: February 9, 2026. Form filed Feb 11, 2026 (timely).
• Option exercises (Code M): 3,428 shares @ $179.84 and 4,865 shares @ $126.89 (8,293 shares exercised).
• Tax withholding (Code F): 4,950 shares withheld/surrendered at $542.78 — $2,686,756.
• Open-market sale (Code S): 4,658 shares sold at a weighted average of $542.88 — $2,528,746. Footnote F1 notes sale prices ranged from $542.61 to $542.955; detailed per-price breakdown available on request.
• Shares owned after transaction: filing does not state a single total; footnote F2 provides an estimate of shares held in the reporting person’s Ameriprise 401(k) stock fund (unit-accounting).
• Footnote F3: the options were fully vested.
• No indication the filing was late.

Context

• This is an option exercise followed by share dispositions — a common pattern where exercised shares are partly withheld to cover tax obligations (surrendered) and partly sold on the open market. The zero-dollar derivative entries reflect conversion of the option instruments into shares at exercise.
• These transactions are routine insider exercises/sales and are factual disclosures of activity; they do not by themselves indicate management’s view of the company’s future performance.