[SCHEDULE 13G/A] Corebridge Financial, Inc. SEC Filing
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. filed a Schedule 13G/A disclosing an aggregate beneficial ownership of 38,662,394 shares of Corebridge Financial Inc. common stock, representing 7.0% of the class. The filing breaks out voting and dispositive powers: sole voting power of 37,398,122 shares and sole dispositive power of 38,634,175 shares, with no shared voting or dispositive power reported. The reporting person is classified as an investment adviser (IA). The filing includes a certification that the shares are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
Positive
- Transparent disclosure of aggregate beneficial ownership: 38,662,394 shares (7.0%).
- Detailed voting/dispositive breakdown provided: sole voting 37,398,122; sole dispositive 38,634,175.
- Certification of ordinary-course holding stating the shares were not acquired to change or influence control.
Negative
- None.
Insights
TL;DR T. Rowe Price holds a material passive stake (7.0%) in Corebridge with clear voting/dispositive figures disclosed.
The Schedule 13G/A indicates a significant but non-controlling position: 38,662,394 shares equal to 7.0% of Corebridge's common stock. The filing provides precise breakdowns of sole voting and sole dispositive powers, and the reporting person affirms the stake is held in the ordinary course and not for control purposes. For investors, this is informative about ownership concentration but does not signal activist intent.
TL;DR The disclosure is comprehensive and confirms passive intent, reducing immediate governance concern.
The amendment clarifies T. Rowe Price's position as an investment adviser with no shared voting or dispositive power. The certification in the filing explicitly denies that the shares were acquired to influence control, which aligns with Schedule 13G treatment rather than 13D activism. This reduces likelihood of near-term governance action by the holder, though the stake remains sizable relative to public float.