Genworth (GNW) CIO converts RSUs and withholds shares to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Financial EVP & Chief Investment Officer Kelly A. Saltzgaber reported equity award activity. On February 13, 2026, 21,892 Restricted Stock Units were exercised and converted into 21,892 shares of Common Stock at $0.00 per share. To cover tax withholding on the vested units, 6,195 Common shares were withheld at $8.92 per share, leaving Saltzgaber with direct ownership of 68,272 Common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,892 shares exercised/converted
Mixed
3 txns
Insider
Saltzgaber Kelly A
Role
EVP & Chief Investment 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 | 6,195 | $8.92 | $55K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 74,467 shares (Direct)
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 GNW executive Kelly Saltzgaber report?
Kelly A. Saltzgaber reported exercising 21,892 Restricted Stock Units into 21,892 Genworth Financial Common shares. On the same date, 6,195 Common shares were withheld to satisfy tax obligations related to the RSU vesting and conversion, all under direct ownership.
Were Kelly Saltzgaber’s GNW transactions open-market buys or sales?
The transactions were not open-market trades. They involved exercising 21,892 Restricted Stock Units into Common Stock and a tax-withholding disposition of 6,195 shares used to cover tax obligations on RSUs that vested on February 13, 2026.
What is the relationship between Kelly Saltzgaber’s RSUs and GNW Common Stock?
Each Restricted Stock Unit settles into one share of Genworth Financial Common Stock on a 1:1 basis. On February 13, 2026, 21,892 RSUs vested and converted into 21,892 Common shares according to this stated conversion ratio and vesting schedule.