Karen DeToro - Nov 7, 2023 Form 4 Insider Report for CNO Financial Group, Inc. (CNO)

Signature
Rachel J. Spehler, Attorney-in-Fact
Stock symbol
CNO
Transactions as of
Nov 7, 2023
Transactions value $
-$293,475
Form type
4
Date filed
11/8/2023, 04:19 PM
Previous filing
Mar 28, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNO Common Stock Options Exercise $158K +10K +15.62% $15.83 74K Nov 7, 2023 Direct F1
transaction CNO Common Stock Sale -$452K -18.1K -24.41% $25.00 56K Nov 7, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNO Employee Stock Option (right to buy) Options Exercise $0 -10K -16.83% $0.00 49.4K Nov 7, 2023 Common Stock 10K $15.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Options exercised pursuant to a 10b5-1 trading plan adopted on May 12, 2023.
F2 Shares sold pursuant to a 10b5-1 trading plan adopted on May 12, 2023.
F3 One half of these options became exercisable on September 30, 2021 and one half of these options became exercisable on September 30, 2022.