Corebridge holder Nippon Life buys 136K shares
A more than 10% shareholder of Corebridge Financial increased its position through a Rule 10b5-1 open-market purchase.
Rhea-AI Filing Summary
Corebridge Financial, Inc. (CRBD) reports that major shareholder Nippon Life Insurance Co, a more than ten percent owner, purchased 136,466 shares of common stock on September 9, 2026 at a weighted average price of $33.78 per share pursuant to a Rule 10b5-1 plan.
Following this open-market purchase, Nippon Life Insurance Co is reported as beneficially owning 122,125,993 shares of Corebridge common stock, including shares held by its wholly owned subsidiary Nissay Asset Management Corporation.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Buyer: 136,466 shares
Net Buy
1 txn
Insider
NIPPON LIFE INSURANCE CO
Role
10% Owner
Bought
136,466 shs ($4.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F3 | 136,466 | $33.7787 | $4.61M |
Holdings After Transaction:
Common Stock — 122,125,993 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 122,092,722 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 $33.49 to $33.98, 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: 136,466 shares
Weighted average purchase price: $33.78 per share
Shares beneficially owned after transaction: 122,125,993 shares
+3 more
6 metrics
Shares purchased
136,466 shares
Common stock bought on September 9, 2026 by Nippon Life Insurance Co
Weighted average purchase price
$33.78 per share
Open-market purchase range $33.49–$33.98 per share
Shares beneficially owned after transaction
122,125,993 shares
Corebridge common stock reported as beneficially owned by Nippon Life Insurance Co
Shares held directly by Nippon Life Insurance Co
122,092,722 shares
Portion of post-transaction holdings held of record by the reporting person
Shares held by Nissay Asset Management Corporation
33,271 shares
Held of record by a direct wholly owned subsidiary and deemed beneficially owned
Rule 10b5-1 plan adoption date
August 7, 2026
Date Nippon Life Insurance Co adopted the plan governing these purchases
Key Terms
Rule 10b5-1 plan, weighted average price, beneficially own
3 terms
Rule 10b5-1 plan regulatory
"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 regulatory
"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 CRBD disclose involving Nippon Life Insurance Co?
CRBD disclosed that Nippon Life Insurance Co, a more than ten percent owner, purchased 136,466 shares of Corebridge common stock on September 9, 2026 in an open-market transaction at a weighted average price of $33.78 per share.
Was the CRBD insider trade by Nippon Life Insurance Co under a Rule 10b5-1 plan?
Yes. The filing states the purchases were effected pursuant to a Rule 10b5-1 plan adopted by Nippon Life Insurance Co on August 7, 2026, and the document-level Rule 10b5-1 checkbox is marked as affirmed.
Who is the reporting person in this CRBD Form 4 filing?
The reporting person is Nippon Life Insurance Co, identified as a more than ten percent owner of Corebridge Financial, Inc. The filing also notes shares held of record by its direct wholly owned subsidiary, Nissay Asset Management Corporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
