Corebridge (NYSE: CRBG) awards retention RSUs to key leaders in 2025

Rhea-AI Filing Summary

Corebridge Financial, Inc. approved special retention equity awards for two senior leaders to support leadership continuity and talent retention. On September 19, 2025, the Compensation and Management Development Committee granted time-vested restricted stock units to Elias Habayeb with a Grant Date value of $2,000,000 and to Lisa Longino with a Grant Date value of $1,500,000.

Each award will cliff vest on September 30, 2027, meaning 100% vests at that time if the executive remains employed through the vesting date. The awards are subject to accelerated vesting if the executive is terminated without Cause or resigns for Good Reason, as defined in the company’s 2022 omnibus and long-term incentive plans under which these RSUs were granted.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 19, 2025

Corebridge Financial, Inc.

(Exact name of registrant as specified in its charter)

Delaware						001-41504			95-4715639
(State or Other Jurisdiction of Incorporation)						(Commission File Number)			(IRS Employer Identification No.)
2919 Allen Parkway, Woodson Tower,
Houston,			Texas						77019
(Address of Principal Executive Offices)									(Zip Code)

Registrant’s telephone number, including area code: 1-877-375-2422

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

CRBG

New York Stock Exchange

6.375% Junior Subordinated Notes

CRBD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

To assist in maintaining leadership continuity and retaining critical talent, on September 19, 2025 (the “Grant Date”), the Compensation and Management Development Committee (the “Compensation Committee”) of the Board of Directors of Corebridge Financial, Inc. (the “Company”) approved grants of special retention equity awards (“Retention Equity Awards”) in the form of time-vested restricted stock units (“RSUs”) to each of (1) Elias Habayeb with a Grant Date value of $2,000,000 and (2) Lisa Longino with a Grant Date value of $1,500,000.

One hundred percent (100%) of each Retention Equity Award will cliff vest on September 30, 2027, subject to the applicable grantee’s continued employment with the Company through the vesting date, subject to accelerated vesting upon the applicable grantee’s termination of employment without Cause (without regard to the grantee’s date of hire) or resignation for Good Reason, each as defined in the 2022 Plan (as defined below).

The Retention Equity Awards were granted under, and pursuant to the terms and conditions of, the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan, as amended and restated, the Corebridge Financial, Inc. Long-Term Incentive Plan, as amended and restated, and the Form of Corebridge Financial, Inc. Long Term Incentive Plan, Long Term Incentive Award Agreement, which is filed as Exhibit 10.55 to the Company’s Annual Report on Form 10-K filed with the SEC on February 13, 2025 (collectively, the “2022 Plan”).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Corebridge Financial, Inc.

Date:

September 23, 2025

By:

/s/ Jeannette N. Pina

Name:

Jeannette N. Pina

Title:

Deputy General Counsel and Secretary

FAQ

What executive retention awards did Corebridge Financial (CRBG) approve?

Corebridge Financial approved special retention equity awards in the form of time-vested restricted stock units for two executives: $2,000,000 in RSUs for Elias Habayeb and $1,500,000 in RSUs for Lisa Longino.

When do the new Corebridge (CRBG) retention RSUs vest?

The retention restricted stock unit awards will cliff vest on September 30, 2027, with 100% of each award vesting at that time if the executive remains employed through the vesting date.

Why did Corebridge Financial grant these retention equity awards?

The company states that the special retention equity awards are intended to assist in maintaining leadership continuity and retaining critical talent within Corebridge Financial.

Under what conditions can the Corebridge (CRBG) retention RSUs vest early?

The awards are subject to accelerated vesting if the executive’s employment terminates without Cause or if the executive resigns for Good Reason, each as defined in the company’s 2022 incentive plan documents.

Under which plan were the Corebridge Financial retention RSUs granted?

The retention RSUs were granted under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan and the Corebridge Financial, Inc. Long-Term Incentive Plan, as amended and restated, together referred to as the 2022 Plan.

Who are the executives receiving Corebridge (CRBG) retention RSUs?

The special retention RSU awards were granted to Elias Habayeb and Lisa Longino, each receiving awards with Grant Date values of $2,000,000 and $1,500,000, respectively.