Mead Michael E. 4
Research Summary
AI-generated summary
CNO CIO Michael Mead Surrenders 1,953 Shares for Taxes
What Happened
- Michael E. Mead, Chief Information Officer of CNO Financial Group, surrendered 1,953 shares on 2026-03-25 to satisfy required tax withholding on vested restricted stock units. The shares were valued at $40.61 each, for a total of approximately $79,311. This was a share surrender to cover taxes (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-25
- Filing date: 2026-03-27 (filed timely)
- Shares surrendered/disposed: 1,953
- Price per share: $40.61
- Total value: ~$79,311
- Shares owned after transaction: not provided in the supplied filing excerpt
- Footnote: F1 — shares were surrendered to the issuer to cover required tax withholding on vested RSUs
- Filing timeliness: No late filing flag; appears filed within the required Form 4 period
Context
- This was a routine tax-withholding transaction (cashless share surrender) tied to RSU vesting, which is common and does not necessarily indicate insider sentiment about the company. Purchases or open-market sales typically carry more weight for interpreting insider views.