Genworth (GNW) CEO sells 100,000 shares, still holds 5.37M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genworth Financial president and CEO Thomas J. McInerney reported selling 100,000 shares of common stock in an open‑market transaction at $9.27 per share. This Form 4 shows a net reduction in his directly owned stake.
After the sale, he directly holds 5,368,883 Genworth shares. The filing also reports 89,456 shares held indirectly through trusts for children, which are listed as holdings rather than new transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100,000 shares ($927,000)
Net Sell
2 txns
Insider
McInerney Thomas J
Role
President and CEO; Director
Sold
100,000 shs ($927K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $9.27 | $927K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,368,883 shares (Direct);
Common Stock — 89,456 shares (Indirect, Trusts for Children)
Footnotes (1)
Key Figures
Shares sold: 100,000 shares
Sale price: $9.27/share
Direct holdings after sale: 5,368,883 shares
+2 more
5 metrics
Shares sold
100,000 shares
Open-market sale of Genworth common stock
Sale price
$9.27/share
Price received for 100,000 Genworth shares sold
Direct holdings after sale
5,368,883 shares
Genworth common shares directly owned post-transaction
Indirect holdings
89,456 shares
Genworth shares held through trusts for children
Transaction date
2026-05-22
Date of reported Form 4 transactions
Key Terms
open-market sale, indirect ownership, Trusts for Children, Form 4
4 terms
open-market sale financial
"reported an open-market sale of 100,000 shares at $9.27 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"the filing also reports 89,456 shares held as indirect ownership"
Trusts for Children financial
"89,456 shares held indirectly through trusts for children"
Form 4 regulatory
"This Form 4 shows a net reduction in his directly owned stake"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Genworth (GNW) CEO Thomas McInerney report?
Genworth CEO Thomas J. McInerney reported an open‑market sale of 100,000 shares of common stock at $9.27 per share. The transaction was disclosed on a Form 4 insider filing and reflects a reduction in his directly held Genworth stake.
Is the Genworth (GNW) CEO’s Form 4 transaction a buy or a sell?
The Form 4 discloses a sell transaction by the Genworth CEO. It identifies code “S,” meaning an open‑market or private sale, covering 100,000 common shares at $9.27 per share and reducing his directly owned Genworth holdings accordingly.