Williams Jeremy D. 4
Research Summary
AI-generated summary
CNO Financial Chief Actuary Jeremy D. Williams Surrenders 1,005 Shares
What Happened
- Jeremy D. Williams, Chief Actuary of CNO Financial Group (CNO), surrendered 1,005 shares to the company to satisfy tax withholding on vested restricted stock units. The shares were valued at $40.61 each for a total of $40,813 and were recorded as a disposal under code F (tax withholding).
Key Details
- Transaction date and price: 2026-03-25 at $40.61 per share.
- Transaction type: Code F — shares surrendered to cover tax withholding on vested RSUs (cashless share withholding).
- Number of shares involved: 1,005; total value ≈ $40,813.
- Shares owned after transaction: not disclosed in the provided filing.
- Filing date/accession: Form 4 filed 2026-03-27 (filed promptly after the 3/25 transaction).
- Footnote: "Shares were surrendered to the issuer to cover the required tax withholding on vested restricted stock units."
Context
- This was a routine tax-withholding event (common when RSUs vest) rather than an open-market sale or purchase. Such withheld/surrendered shares do not necessarily indicate insider sentiment about the company's stock — they simply satisfy tax obligations on compensation.