Nippon Life buys 131K Corebridge shares at $34.88
A more than ten percent owner of Corebridge Financial, Inc. increased its position through a planned open-market share purchase.
Rhea-AI Filing Summary
Corebridge Financial, Inc. (CRBD) reported that major stockholder Nippon Life Insurance Co, a more than ten percent owner, purchased 131,333 shares of common stock on September 18, 2026, in an open-market transaction at a weighted average price of $34.8847 per share.
The purchase was effected pursuant to a Rule 10b5-1 plan adopted by Nippon Life Insurance Co on August 7, 2026. After this transaction, Nippon Life Insurance Co is reported as beneficially owning 123,607,185 shares in total, including 123,573,914 shares held directly and 33,271 shares held by its wholly owned subsidiary Nissay Asset Management Corporation.
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Insights
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Insider Trade Summary 10b5-1
Net Buyer: 131,333 shares
Net Buy
1 txn
Insider
NIPPON LIFE INSURANCE CO
Role
10% Owner
Bought
131,333 shs ($4.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F3 | 131,333 | $34.8847 | $4.58M |
Holdings After Transaction:
Common Stock — 123,607,185 shares (Direct)
Footnotes (3)
- F1. The purchases reported herein were effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on August 7, 2026.
- F2. Includes 123,573,914 shares held of record by the Reporting Person and 33,271 shares held of record by Nissay Asset Management Corporation, a direct wholly owned subsidiary of the Reporting Person, which the Reporting Person may be deemed to beneficially own.
- F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $34.58 to $35.07, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
Key Figures
Shares purchased: 131,333 shares
Weighted average purchase price: $34.8847 per share
Purchase price range: $34.58–$35.07 per share
+3 more
6 metrics
Shares purchased
131,333 shares
Common stock bought on September 18, 2026
Weighted average purchase price
$34.8847 per share
Average price for the 131,333 shares purchased
Purchase price range
$34.58–$35.07 per share
Range of prices for multiple transactions on September 18, 2026
Total shares beneficially owned after transaction
123,607,185 shares
Common stock reported as beneficially owned by Nippon Life Insurance Co
Shares held directly by Nippon Life Insurance Co
123,573,914 shares
Portion of total beneficial ownership held of record by Nippon Life Insurance Co
Shares held by Nissay Asset Management Corporation
33,271 shares
Held by the wholly owned subsidiary and deemed beneficially owned by Nippon Life Insurance Co
Key Terms
Rule 10b5-1 plan, weighted average price, beneficially own
3 terms
Rule 10b5-1 plan regulatory
"The purchases reported herein were effected pursuant to a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"which the Reporting Person may be deemed to beneficially own."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did a major holder report for Corebridge Financial, Inc. (CRBD)?
Nippon Life Insurance Co, a more than ten percent owner, purchased 131,333 shares of Corebridge Financial, Inc. common stock on September 18, 2026, in an open-market transaction under a Rule 10b5-1 trading plan.
How is Nippon Life Insurance Co’s ownership in Corebridge Financial, Inc. (CRBD) structured?
The reported 123,607,185 shares include 123,573,914 shares held directly by Nippon Life Insurance Co and 33,271 shares held by its wholly owned subsidiary, Nissay Asset Management Corporation, which Nippon Life may be deemed to beneficially own.
AI-generated analysis. How Rhea-AI works. Not financial advice.
