Genworth EVP exercises RSUs, covers tax with shares
Genworth Financial EVP & CIO Morris C. Taylor reported routine equity compensation activity involving Restricted Stock Units.
Rhea-AI Filing Summary
Genworth Financial EVP & CIO Morris C. Taylor reported routine equity compensation activity involving Restricted Stock Units. On May 21, 2026, 21,521 RSUs vested and converted into the same number of Common Stock shares, while 6,478 shares were withheld to cover tax obligations. After these transactions, Taylor directly holds 15,043 shares of Common Stock and 43,042 Restricted Stock Units, reflecting an exercise-and-hold pattern with tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,521 shares exercised/converted
Exercise
3 txns
Insider
Taylor Morris C.
Role
EVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,521 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,521 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,478 | $9.19 | $60K |
Holdings After Transaction:
Restricted Stock Units — 43,042 contracts (Direct);
Common Stock — 15,043 shares (Direct)
Footnotes (3)
- F1. Restricted Stock Units settle in Common Stock on a 1:1 basis.
- F2. The Company withheld shares of Common Stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on May 21, 2026.
- F3. Restricted Stock Units vested and converted to Common Stock on May 21, 2026.
Key Figures
RSUs vested and converted: 21,521 units/shares
Shares withheld for taxes: 6,478 shares
Common Stock held after: 15,043 shares
+3 more
6 metrics
RSUs vested and converted
21,521 units/shares
Restricted Stock Units vested and converted to Common Stock on May 21, 2026
Shares withheld for taxes
6,478 shares
Common Stock withheld to satisfy tax withholding obligation on RSU vesting
Common Stock held after
15,043 shares
Direct Common Stock holdings following May 21, 2026 transactions
RSUs held after
43,042 units
Restricted Stock Units outstanding after the vesting and conversion event
Exercise transactions
1 transaction, 21,521 shares
Derivative exercise/conversion count and shares per transactionSummary
Tax withholding transactions
1 transaction, 6,478 shares
Tax-withholding disposition count and shares per transactionSummary
Key Terms
Restricted Stock Units, tax withholding obligation, derivative security, tax-withholding disposition
4 terms
Restricted Stock Units financial
"Restricted Stock Units settle in Common Stock on a 1:1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"The Company withheld shares of Common Stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Genworth (GNW) EVP & CIO Morris C. Taylor report?
Morris C. Taylor reported RSU vesting and conversion into Common Stock. 21,521 Restricted Stock Units vested and were exchanged for 21,521 Common Stock shares, with part of the shares withheld to satisfy tax obligations rather than sold in the open market.
How many Genworth (GNW) Restricted Stock Units vested for Morris C. Taylor?
A total of 21,521 Restricted Stock Units vested for Morris C. Taylor. According to the footnotes, these RSUs settle in Common Stock on a 1:1 basis and vested and converted into Common Stock on May 21, 2026 as part of compensation.
What are Morris C. Taylor’s Genworth (GNW) Common Stock holdings after the transactions?
Following the May 21, 2026 transactions, Morris C. Taylor directly holds 15,043 shares of Genworth Common Stock. This reflects RSUs converted into shares, reduced by those withheld to satisfy the associated tax withholding obligation on the vested equity.
How many Genworth (GNW) Restricted Stock Units does Morris C. Taylor hold after vesting?
After the May 21, 2026 vesting event, Morris C. Taylor holds 43,042 Restricted Stock Units. These units are derivative securities that, per the footnotes, settle in Genworth Common Stock on a 1:1 basis upon future vesting and conversion events.
Does this Genworth (GNW) Form 4 show any open-market stock sales by Morris C. Taylor?
The Form 4 does not show open-market sales. The only disposition is a tax-withholding transaction coded “F,” where 6,478 shares were withheld to satisfy tax liability related to RSUs that vested and converted into Common Stock on May 21, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
