CNO insider to sell 9,920 performance shares via Morgan Stanley
Rhea-AI Filing Summary
CNO Financial Group Form 144 discloses a proposed sale of common stock: 9,920 shares with an aggregate market value of $376,551.30, to be executed on the NYSE through Morgan Stanley Smith Barney LLC with an approximate sale date of 08/13/2025. The filing records 96,931,934 shares outstanding.
The shares were acquired from the issuer on 02/15/2024 as performance shares and payment is shown as Not Applicable. The filer reports Nothing to Report for securities sold during the past three months and makes the standard representation that they are not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: Proposed sale of 9,920 CNO common shares ($376,551) via major broker; appears routine and likely immaterial to equity base.
The Form 144 shows a single proposed disposition of 9,920 shares valued at $376,551.30, to be executed on the NYSE through Morgan Stanley Smith Barney LLC. The shares were originally issued as performance shares by the issuer on 02/15/2024. With 96,931,934 shares outstanding reported on the form, this filing represents a small, discrete proposed sale rather than a large-scale liquidation. The filer also reports no sales in the prior three months, suggesting this is an isolated notice rather than part of frequent dispositions.
TL;DR: Insider disposition of awarded performance shares disclosed; standard attestation present and no recent sales reported.
The record indicates the securities were granted by the issuer as performance shares and are now proposed for sale through an established broker. The filing contains the required representation that the seller is not aware of undisclosed material adverse information. Absence of reported sales in the prior three months and the form's specific acquisition details (issuer grant on 02/15/2024) are consistent with a routine, compliance-driven disclosure of a planned sale rather than an emergent governance concern.