Corebridge CIO exercises options, sells 12,414 shares
Corebridge Financial, Inc. Chief Information Officer David Ditillo reported an options exercise and share sale.
Rhea-AI Filing Summary
Corebridge Financial, Inc. Chief Information Officer David Ditillo reported an options exercise and share sale. He exercised employee stock options for 3,914 shares of common stock at an exercise price of $20.30 per share, then sold 12,414 shares of common stock at $34.00 per share. Following the transaction, he held options covering 18,914 shares expiring in 2033 and his equity holdings include 40,342 restricted stock units. All transactions were effected pursuant to a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Ditillo David
Role
Chief Information Officer
Sold
12,414 shs ($422K)
Approx. gross sale proceeds
$422K
Approx. exercise cost
$79K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options (Rights to Buy) F2 | 3,914 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,914 | $20.30 | $79K |
| Sale | Common Stock F1 | 12,414 | $34.00 | $422K |
Holdings After Transaction:
Options (Rights to Buy) — 18,914 contracts (Direct);
Common Stock — 111,153 shares (Direct)
Footnotes (2)
- F1. Includes 40,342 restricted stock units, each of which represents a contingent right to receive one share of common stock of the Issuer.
- F2. Reflects employee stock options under CRBG's 2022 Omnibus Incentive Plan exempt under Rule 16b-3. The options vest ratably over three years from the grant date.
Key Figures
Options exercised: 3,914 shares
Option exercise price: $20.30 per share
Shares sold: 12,414 shares
+3 more
6 metrics
Options exercised
3,914 shares
Employee stock options for common stock exercised on August 6, 2026
Option exercise price
$20.30 per share
Exercise price for 3,914 options converted into common stock
Shares sold
12,414 shares
Common stock sold on August 6, 2026
Sale price
$34.00 per share
Per-share price for 12,414 common shares sold
Options remaining
18,914 shares
Stock options outstanding after exercise; expiration date February 21, 2033
Restricted stock units
40,342 units
Each RSU represents a contingent right to receive one share of common stock
Key Terms
Rule 10b5-1, restricted stock units, Omnibus Incentive Plan, employee stock options
4 terms
Rule 10b5-1 regulatory
"All transactions were effected pursuant to a Rule 10b5-1 trading plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
restricted stock units financial
"Includes 40,342 restricted stock units, each of which represents a contingent right"
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.
Omnibus Incentive Plan financial
"Reflects employee stock options under CRBG's 2022 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
employee stock options financial
"Reflects employee stock options under CRBG's 2022 Omnibus Incentive Plan"
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Corebridge (CRBD) executive David Ditillo report?
David Ditillo, Corebridge’s Chief Information Officer, reported exercising 3,914 stock options at $20.30 per share and selling 12,414 shares of common stock at $34.00 per share in a planned transaction.
What stock options did David Ditillo exercise in Corebridge (CRBD)?
He exercised employee stock options for 3,914 shares of Corebridge common stock at an exercise price of $20.30 per share. After this exercise, options covering 18,914 shares remained outstanding, with an expiration date in 2033.
Were David Ditillo’s Corebridge (CRBD) trades made under a Rule 10b5-1 plan?
Yes. The transactions are indicated as being effected under a Rule 10b5-1 trading plan. Such pre-arranged plans allow insiders to trade shares according to predetermined instructions, reducing the significance of trade timing as an information signal.
What equity awards does David Ditillo still hold in Corebridge (CRBD)?
Post-transaction, Ditillo held employee stock options covering 18,914 shares expiring in 2033, and his reported holdings include 40,342 restricted stock units, each representing a contingent right to receive one share of Corebridge common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
