Genworth (GNW) EVP Hodges converts RSUs, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Financial executive Mark Blakeley Hodges reported equity compensation activity involving restricted stock units and common shares. On February 13, 2026, 21,892 restricted stock units vested and were converted into 21,892 shares of common stock at no exercise price, increasing his direct holdings. The company then withheld 7,284 common shares, valued at $8.92 per share, to cover associated tax obligations. After these transactions, Hodges directly held 110,824 common shares, with an additional 4,526.476 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,892 shares exercised/converted
Mixed
4 txns
Insider
Hodges Mark Blakeley
Role
EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,892 | $0.00 | -- |
| Exercise | Common Stock | 21,892 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,284 | $8.92 | $65K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 118,108 shares (Direct);
Common Stock — 4,526.476 shares (Indirect, by 401(k))
Footnotes (1)
- Restricted Stock Units settle in Common Stock on a 1:1 basis. The Company withheld shares of Common Stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on February 13, 2026. Restricted Stock Units vested and converted to Common Stock on February 13, 2026.
FAQ
What insider transactions did Genworth (GNW) executive Mark Blakeley Hodges report?
Mark Blakeley Hodges reported the vesting and conversion of 21,892 restricted stock units into common shares, followed by the withholding of 7,284 shares to cover taxes. These transactions reflect equity compensation mechanics rather than open-market buying or selling activity.
How many Genworth (GNW) restricted stock units vested for Mark Blakeley Hodges?
A total of 21,892 restricted stock units vested for Mark Blakeley Hodges and converted into 21,892 shares of Genworth common stock. The units settled on a one-for-one basis into shares on February 13, 2026, according to the Form 4 filing footnotes.
How do Genworth (GNW) restricted stock units convert into common stock for executives?
For this award, each Genworth restricted stock unit settled into one share of common stock upon vesting. On February 13, 2026, 21,892 units vested and converted 1:1 into 21,892 common shares, as specified in the Form 4 filing footnotes for Mark Blakeley Hodges.
Does Mark Blakeley Hodges’ Genworth (GNW) Form 4 show any open-market stock sales?
The Form 4 does not report open-market sales. It shows an RSU conversion into common stock and a disposition coded for tax withholding, where 7,284 shares were withheld by the company to cover tax liabilities associated with the vesting event.