Unum Group (NYSE: UNM) CEO reports tax share withholding and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unum Group President and CEO Richard P. McKenney reported an automatic tax-withholding disposition of 24,935 shares of common stock at $71.64 per share on February 16, 2026. These shares were withheld to cover taxes on the vesting of 63,365 stock success units, which settle 1-for-1 in common shares.
After this transaction, he directly holds 895,702 shares, consisting of 720,920 common shares and 174,782 restricted stock units, all stock-settled on a 1-for-1 basis. He also has indirect holdings of 15,000 shares through a SLAT and 45,000 shares through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McKenney Richard P
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 24,935 | $71.64 | $1.79M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 895,702 shares (Direct);
Common Stock — 15,000 shares (Indirect, By SLAT)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation applicable to the vesting of 63,365 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. Includes 174,782 restricted stock units and 720,920 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 did Unum Group (UNM) CEO Richard McKenney report in this Form 4?
Richard McKenney reported a tax-withholding share disposition. Unum Group’s CEO had 24,935 common shares withheld at $71.64 each to satisfy tax obligations tied to vesting stock success units that settle 1-for-1 in common stock.
Was Richard McKenney’s Unum (UNM) Form 4 transaction an open-market sale?
No, the filing shows a tax-withholding disposition, not an open-market sale. The 24,935 shares were withheld by the company to cover tax liabilities from vesting stock success units, rather than sold at the CEO’s discretion in the market.
What equity awards vested for Unum (UNM) CEO Richard McKenney in this filing?
The filing references vesting of 63,365 stock success units. These units represent the third and final tranche of an August 20, 2020 grant, tied to performance metrics from January 1, 2021 through December 31, 2025, and settle 1-for-1 in common shares.