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Unum Group (UNM) director Echevarria receives RSU and DSR stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Unum Group director Joseph Echevarria reported equity compensation awards in the form of company stock-based units. On May 26, 2026, he acquired 1,540 shares of Unum Group common stock as a grant or award, and a separate 2,191-share grant, both at no cash cost.

Footnotes explain these awards are restricted stock units (RSUs) and deferred share rights (DSRs) that vest on the earlier of May 26, 2027, or Unum Group's next annual shareholder meeting. After these changes, his beneficial ownership reflects tens of thousands of DSRs and RSUs plus common shares, all ultimately settleable 1-for-1 in common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine director equity awards increase Unum alignment, with no open‑market buying or selling.

Unum Group granted director Joseph Echevarria stock-based awards totaling 1,540 and 2,191 units, classified as grants rather than market purchases. These are compensation-related equity units, not open-market trades, so they mainly adjust how his pay is structured.

The footnotes clarify the units are RSUs and DSRs that vest on the earlier of May 26, 2027, or the next annual meeting, and settle 1-for-1 in common stock. This strengthens long-term alignment but represents a routine governance practice rather than a valuation signal.

Insider Echevarria Joseph
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,191 $0.00 --
Grant/Award Common Stock 1,540 $0.00 --
Holdings After Transaction: Common Stock — 100,550 shares (Direct, null)
Footnotes (1)
  1. All are restricted stock units ("RSUs") vesting on the earlier of May 26, 2027, or the date of Unum Group's next annual meeting of shareholders. Includes 43,778 deferred share rights ("DSRs"), 54,574 RSUs, and 2,198 shares of common stock. All DSRs and 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. Beneficial ownership amount accounts for the delivery of shares of common stock upon the settlement of 2,198.000 RSUs, and the exempt acquisitions of an aggregate of 823.397 DSRs and 984.979 RSUs pursuant to the reinvestment of dividends, since the date of the reporting person's prior Form 4. Represents DSRs in lieu of cash for annual retainer pursuant to the election of the reporting person. Includes 45,318 DSRs, 54,574 RSUs, and 2,198 shares of common stock. Fractional amounts have been rounded to the nearest whole number.
Equity award 1 1,540 shares Grant or award of Unum Group common stock units on May 26, 2026
Equity award 2 2,191 shares Second grant or award of Unum Group common stock units on May 26, 2026
Post-transaction holdings example 102,090 shares Total Unum Group common stock units shown following one grant transaction
RSUs outstanding 54,574 RSUs Restricted stock units included in beneficial ownership per footnote
DSRs outstanding 45,318 DSRs Deferred share rights included in beneficial ownership per footnote
Common shares held 2,198 shares Common stock included in beneficial ownership per footnote
Vesting date trigger May 26, 2027 Earliest vesting date for RSUs and DSRs or next annual meeting
restricted stock units ("RSUs") financial
"All are restricted stock units ("RSUs") vesting on the earlier of May 26, 2027..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
deferred share rights ("DSRs") financial
"Includes 43,778 deferred share rights ("DSRs"), 54,574 RSUs, and 2,198 shares..."
beneficial ownership financial
"Beneficial ownership amount accounts for the delivery of shares of common stock upon the settlement..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
annual retainer financial
"Represents DSRs in lieu of cash for annual retainer pursuant to the election of the reporting person."
reinvestment of dividends financial
"exempt acquisitions of an aggregate of 823.397 DSRs and 984.979 RSUs pursuant to the reinvestment of dividends..."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Echevarria Joseph
(Last)(First)(Middle)
1 FOUNTAIN SQUARE
(Street)
CHATTANOOGA TENNESSEE 37402
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Unum Group [ UNM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/26/2026A2,191(1)A$0100,550(2)(3)D
Common Stock05/26/2026A1,540(4)A$0102,090(5)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. All are restricted stock units ("RSUs") vesting on the earlier of May 26, 2027, or the date of Unum Group's next annual meeting of shareholders.
2. Includes 43,778 deferred share rights ("DSRs"), 54,574 RSUs, and 2,198 shares of common stock. All DSRs and 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.
3. Beneficial ownership amount accounts for the delivery of shares of common stock upon the settlement of 2,198.000 RSUs, and the exempt acquisitions of an aggregate of 823.397 DSRs and 984.979 RSUs pursuant to the reinvestment of dividends, since the date of the reporting person's prior Form 4.
4. Represents DSRs in lieu of cash for annual retainer pursuant to the election of the reporting person.
5. Includes 45,318 DSRs, 54,574 RSUs, and 2,198 shares of common stock. Fractional amounts have been rounded to the nearest whole number.
Remarks:
/s/ Jullienne, J. Paul, Attorney-in-Fact05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Unum Group (UNM) director Joseph Echevarria report in this Form 4?

He reported equity compensation awards in Unum Group common stock units, not open-market trades. The filing shows two grant-type acquisitions totaling 1,540 and 2,191 units that increase his stock-based holdings as part of his director compensation package.

Were the Unum Group (UNM) transactions by Joseph Echevarria stock purchases or sales?

They were neither open-market purchases nor sales. Both transactions are coded as grants or awards of common stock units at a zero dollar price, reflecting equity compensation rather than discretionary trading in Unum Group shares on the market.

What types of equity instruments did Joseph Echevarria receive from Unum Group (UNM)?

The awards consist of restricted stock units (RSUs) and deferred share rights (DSRs). Footnotes state these RSUs and DSRs are settleable on a 1-for-1 basis in Unum Group common stock, making them stock-based compensation rather than cash compensation.

When do Joseph Echevarria’s Unum Group (UNM) RSUs and DSRs vest?

They vest on the earlier of May 26, 2027, or the date of Unum Group’s next annual meeting of shareholders. This time-based vesting schedule encourages continued board service and aligns his compensation with the company’s performance over that period.

How are deferred share rights (DSRs) used in Joseph Echevarria’s Unum Group (UNM) compensation?

Some DSRs represent stock in lieu of cash for his annual director retainer. Instead of receiving cash, he elected to take DSRs, which ultimately settle into Unum Group common shares, increasing his equity exposure to the company over time.

Does this Unum Group (UNM) Form 4 indicate a major change in insider ownership?

It reflects incremental increases in stock-based compensation, not a large discretionary trade. The awards add to Joseph Echevarria’s existing mix of DSRs, RSUs, and common shares, indicating routine board compensation rather than a significant strategic shift in his holdings.