CNO Financial CIO surrenders shares for tax withholding
CNO Financial Group Chief Investment Officer Eric R. Johnson surrendered 7,081 shares of common stock at $40.61 per share to cover required tax withholding on vested restricted stock units.
Rhea-AI Filing Summary
CNO Financial Group Chief Investment Officer Eric R. Johnson surrendered 7,081 shares of common stock at $40.61 per share to cover required tax withholding on vested restricted stock units. This tax-withholding disposition was not an open-market sale. After the transaction, he directly holds 693,188 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,081 shares
Net Sell
1 txn
Insider
Johnson Eric R.
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,081 | $40.61 | $288K |
Holdings After Transaction:
Common Stock — 693,188 shares (Direct)
Footnotes (1)
- F1. Shares were surrendered to the issuer to cover the required tax withholding on vested restricted stock units.
FAQ
What insider transaction did CNO (CNO) report for Eric R. Johnson?
Eric R. Johnson surrendered 7,081 CNO shares of common stock to cover tax withholding on vested restricted stock units. This was a tax-related disposition to the issuer, not an open-market purchase or sale, and reflects routine handling of equity-based compensation.
What does transaction code F mean in the CNO (CNO) insider filing?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to the issuer to pay the exercise price or tax liability. In this case, CNO shares were surrendered to cover required tax withholding on vested restricted stock units, not sold in the market.
What role does Eric R. Johnson hold at CNO (CNO) in this insider filing?
In this filing, Eric R. Johnson is identified as Chief Investment Officer of CNO Financial Group. The reported transaction reflects administrative handling of his equity compensation, specifically shares surrendered to meet tax obligations tied to vested restricted stock units granted by the company.
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