Saltzgaber Kelly A 4
Research Summary
AI-generated summary
Genworth (GNW) EVP Kelly Saltzgaber Receives RSUs; Withholds 16,654 Shares
What Happened
- Kelly A. Saltzgaber, EVP & Chief Investment Officer of Genworth Financial (GNW), had restricted stock units (RSUs) vest and convert into 57,445 shares of common stock on February 26, 2026. Of those, the company withheld 16,654 shares to satisfy tax-withholding obligations, valued at $8.62 per share for a total of about $143,557.
- The filing reports conversion/settlement of RSUs (transaction code M) and the withholding/tax payment (transaction code F). This was a vesting/net-settlement event (award conversion and tax withholding), not an open-market sale or purchase.
Key Details
- Transaction date: February 26, 2026; Form 4 filed February 27, 2026 (appears timely).
- RSUs vested/converted: 29,316 and 28,129 shares = 57,445 total.
- Shares withheld for taxes: 8,499 and 8,155 shares = 16,654 total; withholding price reported $8.62/share; totals $73,261 and $70,296 (combined ~$143,557).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion to common stock); F = payment of tax liability via share withholding.
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: RSUs settle 1:1 into common stock; withholding was done to satisfy tax liability for the RSUs that vested on Feb 26, 2026.
Context
- This was a routine vesting and net-share settlement to cover taxes (company withheld shares), not an open-market sale or buy. Such withholding is common with RSU vesting and does not, by itself, indicate the insider is buying or selling shares on the market.