Corebridge Financial Announces Director Changes
Ticker: CRBD · Form: 8-K · Filed: Sep 23, 2025 · CIK: 1889539
| Field | Detail |
|---|---|
| Company | Corebridge Financial, INC. (CRBD) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2,000,000, $1,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-appointment, compensation
TL;DR
Board shakeup at Corebridge Financial, new directors in, old one out.
AI Summary
Corebridge Financial, Inc. announced on September 19, 2025, the departure of director Kevin J. O'Toole and the appointment of new directors, including Sarah E. Johnson and David M. Smith. The company also reported on compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this excerpt.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director changes and executive compensation disclosures can sometimes precede or reflect significant strategic shifts or financial performance issues.
Key Players & Entities
- Corebridge Financial, Inc. (company) — Registrant
- Kevin J. O'Toole (person) — Departing Director
- Sarah E. Johnson (person) — Appointed Director
- David M. Smith (person) — Appointed Director
- 20250919 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors at Corebridge Financial?
Kevin J. O'Toole has departed from the Board of Directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 19, 2025.
What is the principal executive office address for Corebridge Financial?
The principal executive office is located at 2919 Allen Parkway, Woodson Tower, Houston, Texas 77019.
What is the IRS Employer Identification Number for Corebridge Financial?
The IRS Employer Identification Number is 95-4715639.
What are the main items reported in this 8-K filing?
The filing reports on the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2025-09-23 16:07:23
Key Financial Figures
- $2,000,000 — lias Habayeb with a Grant Date value of $2,000,000 and (2) Lisa Longino with a Grant Date
- $1,500,000 — Lisa Longino with a Grant Date value of $1,500,000. One hundred percent (100%) of each R
Filing Documents
- crbg-20250919.htm (8-K) — 27KB
- 0001889539-25-000066.txt ( ) — 182KB
- crbg-20250919.xsd (EX-101.SCH) — 3KB
- crbg-20250919_def.xml (EX-101.DEF) — 16KB
- crbg-20250919_lab.xml (EX-101.LAB) — 28KB
- crbg-20250919_pre.xml (EX-101.PRE) — 16KB
- crbg-20250919_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. To assist in maintaining leadership continuity and retaining critical talent, on September 19, 2025 (the "Grant Date"), the Compensation and Management Development Committee (the "Compensation Committee") of the Board of Directors of Corebridge Financial, Inc. (the "Company") approved grants of special retention equity awards ("Retention Equity Awards") in the form of time-vested restricted stock units ("RSUs") to each of (1) Elias Habayeb with a Grant Date value of $2,000,000 and (2) Lisa Longino with a Grant Date value of $1,500,000. One hundred percent (100%) of each Retention Equity Award will cliff vest on September 30, 2027, subject to the applicable grantee's continued employment with the Company through the vesting date, subject to accelerated vesting upon the applicable grantee's termination of employment without Cause (without regard to the grantee's date of hire) or resignation for Good Reason, each as defined in the 2022 Plan (as defined below). The Retention Equity Awards were granted under, and pursuant to the terms and conditions of, the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan, as amended and restated, the Corebridge Financial, Inc. Long-Term Incentive Plan, as amended and restated, and the Form of Corebridge Financial, Inc. Long Term Incentive Plan, Long Term Incentive Award Agreement, which is filed as Exhibit 10.55 to the Company's Annual Report on Form 10-K filed with the SEC on February 13, 2025 (collectively, the "2022 Plan").
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Corebridge Financial, Inc. Date: September 23, 2025 By: /s/ Jeannette N. Pina Name: Jeannette N. Pina Title: Deputy General Counsel and Secretary