Corebridge Financial (CRBG) awards RSUs and options to senior executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corebridge Financial, Inc. President of Institutional Markets Jonathan J. Novak reported awards of stock-based compensation. He received an employee stock option covering 61,768 shares at an exercise price of $0.00 per share and a grant of 15,367 shares of common stock, both classified as awards rather than open-market purchases.
The 15,367 shares are Restricted Stock Units that vest in three equal installments on the first, second, and third anniversaries of the February 19, 2026 grant date, contingent on continued employment. The option also vests in three equal annual installments beginning February 19, 2027, subject to continued employment, bringing his directly owned common stock to 162,273 shares, including 56,267 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Novak Jonathan J
Role
Pres of Institutional Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 61,768 | $0.00 | -- |
| Grant/Award | Common Stock | 15,367 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 61,768 shares (Direct);
Common Stock — 162,273 shares (Direct)
Footnotes (1)
- On February 19, 2026, the Reporting Person received 15,367 Restricted Stock Units (RSUs) under the Corebridge Financial, Inc. (Corebridge) 2022 Omnibus Incentive Plan (2022 Incentive Plan) exempt under Rule 16b-3 that vest in equal installments on the first, second and third anniversaries of the grant date. Each RSU represents a contingent right to receive one share of common stock of Corebridge upon vesting, contingent upon the Reporting Person's continued employment by the Issuer at the conclusion of the vesting period. Includes 56,267 RSUs. Reflects employee stock option under the 2022 Incentive Plan exempt under Rule 16b-3. The employee stock option vests in three equal annual installments beginning on February 19, 2027, in each case, contingent upon the Reporting Person's continued employment by the Issuer at the conclusion of the vesting period.
FAQ
What insider transactions did Corebridge Financial (CRBG) report for Jonathan J. Novak?
Jonathan J. Novak received stock-based awards, not open-market trades. He was granted 61,768 employee stock options at a $0.00 exercise price and 15,367 shares of common stock as Restricted Stock Units under the 2022 Omnibus Incentive Plan.
How many Restricted Stock Units did Jonathan J. Novak receive from Corebridge Financial (CRBG)?
He received 15,367 Restricted Stock Units. These RSUs were granted under Corebridge’s 2022 Omnibus Incentive Plan and will vest in three equal annual installments on the first, second, and third anniversaries of the February 19, 2026 grant date, contingent on continued employment.
What are the vesting terms of Jonathan J. Novak’s new RSUs at Corebridge Financial (CRBG)?
The 15,367 RSUs vest in three equal installments. Vesting occurs on the first, second, and third anniversaries of the February 19, 2026 grant date, and each RSU converts into one share of Corebridge common stock if he remains employed through each vesting date.
What stock options were granted to Jonathan J. Novak by Corebridge Financial (CRBG)?
He was granted an employee stock option for 61,768 shares. The option was issued under the 2022 Omnibus Incentive Plan and vests in three equal annual installments beginning February 19, 2027, conditioned on his continued employment with Corebridge through each vesting date.
Under which plan were Jonathan J. Novak’s RSUs and options from Corebridge Financial (CRBG) granted?
Both the RSUs and the stock options were granted under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan. The filing notes these awards are exempt under Rule 16b-3 and are subject to multi-year vesting tied to his continued employment with the company.