CNO executive covers taxes with 4,056 share surrender
CNO Financial Group, Inc. executive Karen J. DeToro, President of the Worksite Division, surrendered 4,056 shares of common stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units.
Rhea-AI Filing Summary
CNO Financial Group, Inc. executive Karen J. DeToro, President of the Worksite Division, surrendered 4,056 shares of common stock at $40.61 per share to the company to cover required tax withholding on vested restricted stock units. This was a tax-withholding disposition, not an open-market sale. After the transaction, she directly holds 50,524 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,056 shares
Net Sell
1 txn
Insider
DeToro Karen J.
Role
President, Worksite Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,056 | $40.61 | $165K |
Holdings After Transaction:
Common Stock — 50,524 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 Karen J. DeToro?
CNO reported that executive Karen J. DeToro surrendered 4,056 common shares to the company to cover required tax withholding on vested restricted stock units. This was a non-market tax-withholding disposition rather than a traditional open-market stock sale.
Was the CNO (CNO) insider transaction a stock sale on the open market?
No. The transaction was coded as tax-withholding (code F), meaning shares were surrendered to CNO to cover taxes on vested restricted stock units. It does not represent an open-market sale or a discretionary trade by the executive.
What does transaction code F mean in the CNO (CNO) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this CNO filing, it reflects shares surrendered to the issuer by Karen J. DeToro to cover required tax withholding on vested restricted stock units.
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