Unum CFO covers taxes with 1,516 share withholding
Unum Group EVP and CFO Steven Andrew Zabel reported a tax-withholding share disposition related to vesting equity awards.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Unum Group EVP and CFO Steven Andrew Zabel reported a tax-withholding share disposition related to vesting equity awards. On this Form 4, 1,516 shares of common stock were withheld at $71.64 per share to satisfy tax obligations on the vesting of 3,852 stock success units granted in 2020. After this transaction and an exempt acquisition of 40.143 shares under the employee stock purchase plan, his direct beneficial ownership stands at 112,331 shares, including 38,724 restricted stock units and 73,607 shares of common stock, all of which are stock-settled on a 1-for-1 basis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,516 | $71.64 | $109K |
Footnotes (3)
- F1. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 3,852 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.
- F2. Beneficial ownership amount accounts for the exempt acquisition of 40.143 shares of common stock under the issuer's employee stock purchase plan since the date of the reporting person's prior Form 4.
- F3. Includes 38,724 restricted stock units and 73,607 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.
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