Equity award lifts CNO (NYSE: CNO) director Gibson’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibson Linda T. reported acquisition or exercise transactions in this Form 4 filing.
CNO Financial Group, Inc. director Linda T. Gibson reported an equity award of 3,574 shares of common stock on May 12, 2026. The award was valued at $46.17 per share and was granted as immediately vesting restricted stock units under the company’s Amended and Restated Long-Term Incentive Plan.
Following this grant, Gibson’s indirect holdings through the Linda T. Gibson Revocable Trust Agreement increased to 4,817 shares of CNO common stock. This is a compensation-related award rather than an open‑market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gibson Linda T.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,574 | $46.17 | $165K |
Holdings After Transaction:
Common Stock — 4,817 shares (Indirect, Linda T. Gibson Revocable Trust Agreement)
Footnotes (1)
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Key Figures
Equity award size: 3,574 shares
Award value per share: $46.17 per share
Shares held after transaction: 4,817 shares
+1 more
4 metrics
Equity award size
3,574 shares
Restricted stock unit grant on May 12, 2026
Award value per share
$46.17 per share
Valuation used for the May 12, 2026 grant
Shares held after transaction
4,817 shares
Indirect holdings via revocable trust following grant
Transaction code
A (grant/award acquisition)
Non-derivative Form 4 transaction classification
Key Terms
restricted stock units, Amended and Restated Long-Term Incentive Plan, revocable trust, indirect ownership
4 terms
restricted stock units financial
"Award of immediately vesting restricted stock units granted under the CNO Financial Group, Inc. Amended and Restated Long-Term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated Long-Term Incentive Plan financial
"restricted stock units granted under the CNO Financial Group, Inc. Amended and Restated Long-Term Incentive Plan."
revocable trust financial
"nature_of_ownership: Linda T. Gibson Revocable Trust Agreement"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"ownership_type: indirect with nature of ownership as a revocable trust agreement"
FAQ
What insider transaction did CNO director Linda T. Gibson report?
Linda T. Gibson reported receiving an equity award of 3,574 CNO common shares. The award was in the form of immediately vesting restricted stock units granted under CNO Financial Group’s Amended and Restated Long-Term Incentive Plan.
At what price was Linda T. Gibson’s CNO equity award valued?
The reported equity award to Linda T. Gibson was valued at $46.17 per CNO common share. This price reflects the transaction value used in the Form 4, tied to the grant of restricted stock units.
Is Linda T. Gibson’s CNO transaction a market purchase or sale?
The transaction is not a market purchase or sale; it is a grant. The Form 4 codes it as an award or other acquisition of shares via restricted stock units issued under CNO’s long-term incentive plan.
How is Linda T. Gibson’s ownership in CNO classified in this filing?
Her ownership is classified as indirect, held through the Linda T. Gibson Revocable Trust Agreement. The Form 4 notes this in the nature of ownership field, indicating the trust as the holding entity for the reported shares.