Corebridge (CRBG) Form 4: CIO receives 15,494 retention RSUs
Rhea-AI Filing Summary
Corebridge Financial, Inc. (CRBG) reported a Form 4 showing that David Ditillo, the company's Chief Information Officer, was granted 15,494 restricted stock units (RSUs) on September 19, 2025. The award is a time-vested retention grant that cliff vests 100% on September 30, 2027, subject to continued employment, and was granted under the 2022 Omnibus Incentive Plan as exempt under Rule 16b-3. Following the grant, the filing shows the reporting person beneficially owns 132,479 shares/RSU equivalents. The RSUs have a grant price of $0, indicating a service-based award rather than a purchase.
Positive
- 15,494 RSUs granted to the CIO, creating alignment between executive pay and shareholder value through equity compensation
- Cliff vesting on 09/30/2027 provides clear retention incentive tied to continued employment
- Exempt under Rule 16b-3 and granted under the 2022 Omnibus Incentive Plan, indicating standard compliance and committee approval
Negative
- None.
Insights
TL;DR Routine, service-based retention award aligning executive incentives with long-term shareholder value.
The 15,494 RSU grant to the CIO is a typical retention tool: cliff vesting over two years encourages tenure through 2027 and ties compensation to equity performance. The award was granted under the company's omnibus plan and is exempt under Rule 16b-3, which is standard for such grants and limits short-swing trading concerns. The post-grant beneficial ownership of 132,479 shares/RSU equivalents provides modest insider alignment but is not a material one-off capital event for a public company of Corebridge's scale based on information provided.
TL;DR Governance processes appear standard; award documentation and exemptions are in order.
The Compensation and Management Development Committee approved a time-vested retention RSU grant with a clear vesting condition tied to continued employment and a specified vest date. The use of the 2022 Omnibus Incentive Plan and Rule 16b-3 exemption is consistent with common governance practice for equity compensation. No material deviations, accelerations, or unusual terms are disclosed in the filing text provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,494 | $0.00 | -- |
Footnotes (1)
- On September 19, 2025, the Compensation and Management Development Committee of the Board of Directors of Corebridge Financial, Inc. (Company) approved the grant of a special retention equity award to the Reporting Person consisting of time-vested restricted stock units (RSUs). 100% of the RSUs will cliff vest on September 30, 2027, subject to the Reporting Person's continued employment with the Company through the vesting date. The RSUs were granted under the Company's 2022 Omnibus Incentive Plan and are exempt under Rule 16b-3. Includes RSUs, each of which represents a contingent right to receive one share of common stock of the Company.
FAQ
What equity award did David Ditillo (CRBG) receive?
When do the RSUs granted to the CRBG CIO vest?
Under what plan were the RSUs granted and are they compliant with Section 16 rules?
Was any purchase price paid for the granted RSUs?