CNO (CNO) General Counsel exercises options and sells 30,970 shares under plan
Rhea-AI Filing Summary
CNO Financial Group General Counsel Matthew J. Zimpfer reported multiple equity award transactions. On February 10, 2026, he acquired 25,384 shares of common stock upon vesting of performance share units and surrendered 7,663 shares to cover tax withholding. He also received 14,300 restricted stock units, which convert one-for-one into common stock and vest in three equal annual installments beginning March 25, 2027.
On February 12, 2026, he exercised an employee stock option for 30,970 shares at an exercise price of $21.06 per share, then sold 30,970 shares of common stock at a weighted average price of $42.9313 per share under a pre-established Rule 10b5-1 trading plan. After these transactions, he directly owned 307,937 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 30,970 | $0.00 | -- |
| Exercise | Common Stock | 30,970 | $21.06 | $652K |
| Sale | Common Stock | 30,970 | $42.9313 | $1.33M |
| Grant/Award | Common Stock | 25,384 | $43.05 | $1.09M |
| Tax Withholding | Common Stock | 7,663 | $43.05 | $330K |
| Grant/Award | Restricted Stock Units | 14,300 | $0.00 | -- |
Footnotes (1)
- Shares were acquired upon the vesting of performance share units for the 2023-2025 performance period, based on the issuer's (i) 2023 operating return on equity, (ii) 2023 operating earnings per share and (iii) three-year relative total shareholder return for 2023-2025. Shares were surrendered to the issuer to cover the required tax withholding on the vested performance share units. Restricted stock units convert into common stock on a one-for-one basis. The restricted stock units vest in three equal annual installments beginning March 25, 2027, subject to continued employment with the issuer or one of its subsidiaries. Shares sold pursuant to a Rule 10b5-1 trading plan adopted on June 9, 2025. Reflects the weighted average sale price. Shares were sold at prices ranging from $42.31 per share to $43.75 per share. Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer. One-half of the stock options vested on February 23, 2019, and one-half vested on February 23, 2020.