F&G Annuities (NYSE: FG) director granted stock instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QUIRK RAYMOND R reported acquisition or exercise transactions in this Form 4 filing.
F&G Annuities & Life, Inc. director Raymond R. Quirk received a grant of 1,009 shares of common stock. The shares were awarded at no cash cost as unrestricted stock in lieu of cash director fees.
Following this grant, Quirk holds 13,888 shares directly, plus indirect holdings of 298,610 shares through the Quirk 2002 Trust and 41 shares through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
QUIRK RAYMOND R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,009 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,888 shares (Direct, null);
Common Stock — 41 shares (Indirect, 401(k))
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 1,009 shares
Direct holdings after grant: 13,888 shares
Quirk 2002 Trust holdings: 298,610 shares
+2 more
5 metrics
Stock grant
1,009 shares
Grant of unrestricted common stock in lieu of director fees
Direct holdings after grant
13,888 shares
Common stock directly owned by Raymond R. Quirk
Quirk 2002 Trust holdings
298,610 shares
Common stock held indirectly through Quirk 2002 Trust
401(k) holdings
41 shares
Common stock held indirectly via 401(k)
Grant price per share
$0.0000 per share
Reported transaction price for granted shares
Key Terms
Grant, award, or other acquisition, unrestricted common stock, 401(k), indirect ownership, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
unrestricted common stock financial
"Footnote: "Grant of unrestricted common stock in lieu of cash director fees.""
401(k) financial
"nature_of_ownership: "401(k)" for indirect common stock holdings"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
indirect ownership financial
"ownership_type: "indirect" and ownership_code: "I" for certain entries"
Common Stock financial
"security_title: "Common Stock" for all reported holdings"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did FG director Raymond Quirk report on this Form 4?
Raymond R. Quirk reported receiving 1,009 shares of F&G Annuities & Life common stock. The filing states this was a grant of unrestricted stock provided in lieu of cash director fees, meaning it is compensation, not an open-market purchase or sale.
What does the footnote about unrestricted common stock mean for FG director compensation?
The footnote explains the 1,009 FG shares are unrestricted common stock granted instead of cash director fees. This indicates the company compensates the director partly in stock, aligning pay with equity performance rather than making a separate cash payment.