Genworth VP awarded 18,743 cash-settled RSUs
Woodell Darren W. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Woodell Darren W. reported acquisition or exercise transactions in this Form 4 filing.
Genworth Financial reported that VP and Controller Darren W. Woodell received a grant of 18,743 cash-settled restricted stock units. The award is recorded at a price of $0.00 per unit, reflecting compensation rather than an open-market purchase.
According to the terms, each unit represents a contingent right to receive a cash payment equal to the value of one share of Genworth common stock on each of March 2, 2027, March 2, 2028 and March 2, 2029. After this grant, Woodell holds 18,743 such units directly.
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Insights
Routine executive compensation grant with cash-settled equity units.
The filing shows 18,743 cash-settled RSUs granted to Genworth’s VP and Controller, Darren Woodell. With a grant price of $0.00 per unit, this is a non-cash compensation award rather than an open-market investment transaction.
Each unit provides a future cash payment equal to the value of one share of common stock on March 2, 2027, March 2, 2028 and March 2, 2029. This structure links executive pay to the company’s share value while avoiding new share issuance.
As a typical equity-based compensation grant for a senior officer, this event is administrative rather than thesis-changing. Subsequent company filings may detail additional executive awards or changes to compensation programs if they become material.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Cash-Settled Restricted Stock Units | 18,743 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each Restricted Stock Unit represents a contingent right to receive a cash payment equal to the value of one share of Common Stock on each of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
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What did Genworth Financial (GNW) disclose in this Form 4 for Darren W. Woodell?
How many restricted stock units did GNW executive Darren Woodell acquire?
Are the GNW restricted stock units granted to Darren Woodell settled in stock or cash?
When do Darren Woodell’s Genworth cash-settled restricted stock units pay out?
AI-generated analysis. How Rhea-AI works. Not financial advice.