Genworth (NYSE: GNW) CEO donates 200,000 shares of stock to charity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Financial President and CEO Thomas J. McInerney reported a charitable stock gift and updated holdings in company shares. On May 27, 2026, he made a bona fide gift of 200,000 shares of Genworth common stock to a charitable organization. Following this gift, he directly holds 5,168,883 shares of common stock and indirectly holds 89,456 shares through trusts for children. The filing reflects a non-market transfer rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
200,000 shares gifted
Mixed
2 txns
Insider
McInerney Thomas J
Role
President and CEO; Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 200,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,168,883 shares (Direct, null);
Common Stock — 89,456 shares (Indirect, Trusts for Children)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 200,000 shares
Direct holdings after gift: 5,168,883 shares
Indirect holdings after gift: 89,456 shares
+1 more
4 metrics
Shares gifted
200,000 shares
Bona fide gift of common stock on May 27, 2026
Direct holdings after gift
5,168,883 shares
Common stock held directly by CEO after transaction
Indirect holdings after gift
89,456 shares
Common stock held indirectly via trusts for children
Gift price per share
$0.0000 per share
Reported price for bona fide gift transaction code G
Key Terms
bona fide gift, Trusts for Children, indirect ownership, transaction code G
4 terms
bona fide gift financial
"The shares reported in this transaction represent a gift to a charitable organization."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Trusts for Children financial
"nature_of_ownership: "Trusts for Children" for indirect holdings of common stock"
indirect ownership financial
"direct_or_indirect: "I" and ownership_type: "indirect" for trust-held shares"
transaction code G financial
"transaction_code: "G" with description "Bona fide gift" for 200,000 shares"
FAQ
What insider transaction did Genworth (GNW) report for Thomas J. McInerney?
Genworth reported that CEO Thomas J. McInerney made a bona fide gift of 200,000 shares of Genworth common stock. The filing describes this as a charitable donation rather than an open-market trade, updating his reported ownership position in the company.
How are the Genworth (GNW) CEO’s indirect holdings structured?
The filing shows 89,456 Genworth common shares held indirectly for Thomas J. McInerney. These shares are classified under indirect ownership with the nature of ownership described as “Trusts for Children,” indicating they are held through family trust arrangements.
What does transaction code G mean in the Genworth (GNW) Form 4?
Transaction code G in this Genworth Form 4 denotes a bona fide gift of securities. Here, it refers to Thomas J. McInerney’s 200,000-share transfer of Genworth common stock to a charitable organization, rather than a purchase or sale on the open market.