Taylor Morris C. 4
4 · GENWORTH FINANCIAL INC · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Genworth (GNW) EVP & CIO Taylor Morris Exercises RSUs, Sells Shares
What Happened Taylor Morris, EVP & Chief Investment Officer of Genworth Financial (GNW), had 21,521 restricted stock units (RSUs) vest and convert into common shares on May 21, 2026. To satisfy the tax withholding obligation, the company withheld 6,478 of those shares at an implied withholding price of $9.19 per share, totaling about $59,533. The vesting resulted in a net delivery of 15,043 shares to Morris (21,521 vested minus 6,478 withheld). This was a routine vesting/tax-withholding transaction, not an open-market purchase.
Key Details
- Transaction date: May 21, 2026; Form 4 filed May 22, 2026 (timely filing).
- RSUs vested/converted: 21,521 shares.
- Shares withheld for taxes (disposed): 6,478 shares at $9.19 each; total value ≈ $59,533.
- Net shares received: 15,043 shares.
- Footnotes: F1–RSUs settle 1:1 into common stock; F2–company withheld shares to satisfy tax withholding; F3–RSUs vested and converted on May 21, 2026.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax withholding.
- Shares owned after transaction: not specified in this filing.
Context This was a standard RSU vesting and cashless-withholding for taxes rather than a discretionary sale or purchase. Withheld-share transactions are common for covering tax liabilities on vested awards and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-21+21,521→ 21,521 total - Tax Payment
Common Stock
[F2]2026-05-21$9.19/sh−6,478$59,533→ 15,043 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-05-21−21,521→ 43,042 total→ Common Stock (21,521 underlying)
Footnotes (3)
- [F1]Restricted Stock Units settle in Common Stock on a 1:1 basis.
- [F2]The Company withheld shares of Common Stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on May 21, 2026.
- [F3]Restricted Stock Units vested and converted to Common Stock on May 21, 2026.