Arland Jamala M. 4

What Happened

• Arland Jamala, President & CEO, U.S. Life Insurance at Genworth (GNW), had restricted stock units (RSUs) vest and convert to common stock on February 26, 2026. A total of 57,148 RSUs converted 1:1 into common shares (27,144 and 30,004).
• The company withheld 17,203 shares to cover tax withholding (8,171 shares withheld at $8.62 for $70,434 and 9,032 shares withheld at $8.62 for $77,856), leaving a net increase of 39,945 shares to Jamala’s holdings. These were not open-market sales but net-share settlement for taxes.

Key Details

• Transaction date: February 26, 2026; Form 4 filed February 27, 2026 (filed one day after the transactions).
• Vesting/conversion: 27,144 and 30,004 RSUs converted to common stock (total 57,148).
• Tax withholding: 8,171 shares ($70,434) and 9,032 shares ($77,856) withheld at $8.62/share (total withheld 17,203 shares, $148,290).
• Net shares received: 57,148 vested − 17,203 withheld = 39,945 net new shares.
• Codes and notes: M = conversion/exercise of derivative (here RSU conversion); F = shares withheld to satisfy tax obligations. Footnotes: RSUs settle 1:1; withholding was used to satisfy tax liability for the vested RSUs.
• Filing timeliness: Appears timely (filed the next day); no late-filing indicator provided.

Context

• This was an RSU vesting and net-share settlement for taxes, not an open-market sale or purchase — routine for executives when awards vest. Such transactions reflect compensation vesting rather than a direct bullish or bearish trade signal.