Unum Group (UNM) EVP reports 185-share tax-withholding disposition on vesting awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unum Group EVP Elizabeth Claire Ahmed reported a tax-related share disposition. On the vesting of 756 stock success units granted in 2020, 185 shares of common stock were withheld at $71.64 per share to cover tax obligations. After this transaction, she beneficially owns 51,055 shares, including 16,863 restricted stock units and 34,192 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ahmed Elizabeth Claire
Role
EVP, People & Communications
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 185 | $71.64 | $13K |
Holdings After Transaction:
Common Stock — 51,055 shares (Direct)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation applicable to the vesting of 756 stock success units ("SSUs"), representing the third and final vesting tranche, or approximately one-third, of the SSUs originally granted on August 20, 2020, and the certification of the achievement of the performance metrics for the performance period from January 1, 2021 to December 31, 2025. SSUs could be settled, on a 1-for-1 basis, only in shares of common stock. Beneficial ownership amount accounts for the exempt acquisitions of an aggregate of 70.597 shares of common stock under the issuer's employee stock purchase plan since the date of the reporting person's prior Form 4. Includes 16,863 restricted stock units and 34,192 shares of common stock. All restricted stock units ("stock-settled RSUs") may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.
FAQ
What insider transaction did Unum Group (UNM) report for Elizabeth Claire Ahmed?
Unum Group EVP Elizabeth Claire Ahmed had 185 shares withheld to cover taxes on vesting stock success units. This was a tax-withholding disposition tied to equity compensation, not an open-market sale of Unum Group common stock.
What equity award triggered the tax-withholding disposition at Unum Group (UNM)?
The tax-withholding disposition was triggered by 756 stock success units vesting, representing the third and final tranche of units granted on August 20, 2020. These units related to performance metrics for the period from January 1, 2021 to December 31, 2025.
Was the Unum Group (UNM) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, coded “F,” where 185 shares were withheld to satisfy tax obligations on vesting awards. It was not reported as a discretionary open-market sale of Unum Group common stock by the executive.