Unum Group (NYSE: UNM) EVP reports tax withholding of 1,847 shares
Rhea-AI Filing Summary
Unum Group executive Christopher W. Pyne, EVP of Group Benefits, reported a tax-related share disposition. On the vesting of 4,163 stock success units, the company withheld 1,847 shares of common stock to cover tax obligations at a price of $71.64 per share.
After this withholding transaction, Pyne directly owned 48,187 Unum shares, consisting of 20,623 restricted stock units and 27,564 shares of common stock, all of which may be settled or are held on a 1-for-1 basis in Unum common stock.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on vested performance units, no directional insider bet.
This event reflects automatic tax withholding tied to equity compensation, not an open-market sale. The company withheld 1,847 shares when 4,163 stock success units vested after performance certification, a standard mechanism to satisfy payroll tax obligations on equity awards.
Because the transaction code is F and described as a tax-withholding disposition, it does not signal a discretionary change in sentiment by the executive. Following the transaction, Christopher Pyne still holds 48,187 shares and units, so the overall equity exposure to Unum remains substantial.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,847 | $71.64 | $132K |
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation applicable to the vesting of 4,163 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 20,623 restricted stock units and 27,564 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.