AG˹ٷ

STOCK TITAN

[Form 4] CNO Financial Group, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Jeanne L. Linnenbringer, Chief Operations Officer of CNO Financial Group (CNO), exercised stock options and sold common stock under a 10b5-1 plan. On 08/13/2025 she exercised 4,420 stock options with a $21.06 exercise price, acquiring 4,420 shares. Those shares and additional holdings were sold under a Rule 10b5-1 trading plan adopted May 5, 2025, with reported sales on 08/13/2025, 08/14/2025 and 08/15/2025 at weighted average prices of about $37.96, $37.9794 and $37.8495 respectively. Reported beneficial ownership fell from 45,583 shares after the option exercise to 30,844 shares after the sales. The filing notes vesting of the options (half vested 02/23/2019 and half 02/23/2020).

Jeanne L. Linnenbringer, Chief Operations Officer di CNO Financial Group (CNO), ha esercitato opzioni su azioni e venduto azioni ordinarie nell'ambito di un piano 10b5-1. Il 13/08/2025 ha esercitato 4.420 opzioni con prezzo di esercizio di $21.06, acquisendo 4.420 azioni. Queste azioni e altre partecipazioni sono state vendute secondo un piano di negoziazione Rule 10b5-1 adottato il 5 maggio 2025, con vendite segnalate il 13/08/2025, 14/08/2025 e 15/08/2025 a prezzi medi ponderati rispettivamente di circa $37.96, $37.9794 e $37.8495. La proprietà beneficiaria dichiarata è passata da 45.583 azioni dopo l'esercizio delle opzioni a 30.844 azioni dopo le vendite. Il deposito segnala la maturazione delle opzioni (metà maturata il 23/02/2019 e metà il 23/02/2020).

Jeanne L. Linnenbringer, Chief Operations Officer de CNO Financial Group (CNO), ejerció opciones sobre acciones y vendió acciones ordinarias bajo un plan 10b5-1. El 13/08/2025 ejerció 4.420 opciones con precio de ejercicio de $21.06, adquiriendo 4.420 acciones. Esas acciones y otras participaciones se vendieron conforme a un plan de negociación Rule 10b5-1 adoptado el 5 de mayo de 2025, con ventas informadas el 13/08/2025, 14/08/2025 y 15/08/2025 a precios promedio ponderados de aproximadamente $37.96, $37.9794 y $37.8495, respectivamente. La propiedad beneficiosa declarada bajó de 45.583 acciones tras el ejercicio de las opciones a 30.844 acciones después de las ventas. La presentación indica la adquisición de derechos de las opciones (la mitad adquirida el 23/02/2019 y la otra mitad el 23/02/2020).

Jeanne L. Linnenbringer, CNO Financial Group(CNO) 최고운영책임�(COO)� 스톡옵션� 행사하고 10b5-1 계획� 따라 보통주를 매각했습니다. 2025-08-13� 행사가� $21.06� 4,420� 분량� 스톡옵션� 행사하여 4,420주를 취득했습니다. 해당 주식� 추가 보유분은 2025-05-05� 채택� Rule 10b5-1 거래계획� 따라 매각되었으며, 매각 신고� 2025-08-13, 2025-08-14, 2025-08-15� 각각 가중평� � $37.96, $37.9794, $37.8495� 가격으� 이루어졌습니�. 보고� 유익소유량은 옵션 행사 � 45,583주에� 매각 � 30,844주로 감소했습니다. 서류에는 옵션� 베스팅도 기재되어 있으�(절반은 2019-02-23, 나머지 절반은 2020-02-23� 베스트됨)입니�.

Jeanne L. Linnenbringer, Directrice des Opérations (COO) de CNO Financial Group (CNO), a exercé des options sur actions et vendu des actions ordinaires dans le cadre d'un plan 10b5-1. Le 13/08/2025, elle a exercé 4 420 options au prix d'exercice de 21,06 $, acquérant ainsi 4 420 actions. Ces actions et d'autres participations ont été vendues selon un plan de négociation Rule 10b5-1 adopté le 5 mai 2025, avec des ventes déclarées les 13/08/2025, 14/08/2025 et 15/08/2025 à des prix moyens pondérés d'environ 37,96 $, 37,9794 $ et 37,8495 $ respectivement. La propriété bénéficiaire déclarée est passée de 45 583 actions après l'exercice des options à 30 844 actions après les ventes. le dossier indique la période d'acquisition des options (la moitié acquise le 23/02/2019 et l'autre moitié le 23/02/2020).

Jeanne L. Linnenbringer, Chief Operations Officer der CNO Financial Group (CNO), hat Aktienoptionen ausgeübt und Stammaktien im Rahmen eines 10b5-1-Plans verkauft. Am 13.08.2025 übte sie 4.420 Optionen zum Ausübungspreis von $21,06 aus und erwarb 4.420 Aktien. Diese Aktien und weitere Bestände wurden gemäß einem am 5. Mai 2025 angenommenen Rule-10b5-1-Handelsplan veräußert; gemeldete Verkäufe erfolgten am 13.08.2025, 14.08.2025 und 15.08.2025 zu gewichteten Durchschnittspreisen von etwa $37,96, $37,9794 bzw. $37,8495. Das gemeldete wirtschaftliche Eigentum sank von 45.583 Aktien nach Ausübung der Optionen auf 30.844 Aktien nach den Verkäufen. Die Einreichung vermerkt die Vesting-Termine der Optionen (die Hälfte am 23.02.2019, die andere Hälfte am 23.02.2020).

Positive
  • Use of a Rule 10b5-1 trading plan (adopted May 5, 2025) provides procedural transparency for the sales
  • Exercise of options at $21.06 followed by sales near $37.9 indicates capture of intrinsic value from vested options
Negative
  • Reported beneficial ownership declined materially from 45,583 shares after the exercise to 30,844 shares after the sales
  • Significant share sales over consecutive days (08/13/2025�08/15/2025) reduced insider holdings, which may be viewed negatively by some investors

Insights

TL;DR: Routine option exercise followed by preplanned 10b5-1 sales; standard insider liquidity activity, not a regulatory red flag on its face.

The filing documents an option exercise at a $21.06 strike and subsequent sales executed under a 10b5-1 plan adopted May 5, 2025. Use of a 10b5-1 plan establishes an affirmative defense for the sales, reducing insider-trading concern assuming plan compliance. The disclosure of weighted average sale prices and the reduction in reported beneficial ownership provide transparency for investors and regulators.

TL;DR: Insider realized value by exercising low-strike options and selling at materially higher market prices; ownership declined materially.

The reporting person exercised 4,420 options with a $21.06 exercise price and sold shares at weighted averages near $37.9 per share across three days, implying a realized spread versus strike for those shares. The filing quantifies the sequential decrease in beneficial ownership from 45,583 to 30,844 shares. Transaction details and price ranges are disclosed, aiding assessment of insider liquidity but not providing forward guidance on company operations.

Jeanne L. Linnenbringer, Chief Operations Officer di CNO Financial Group (CNO), ha esercitato opzioni su azioni e venduto azioni ordinarie nell'ambito di un piano 10b5-1. Il 13/08/2025 ha esercitato 4.420 opzioni con prezzo di esercizio di $21.06, acquisendo 4.420 azioni. Queste azioni e altre partecipazioni sono state vendute secondo un piano di negoziazione Rule 10b5-1 adottato il 5 maggio 2025, con vendite segnalate il 13/08/2025, 14/08/2025 e 15/08/2025 a prezzi medi ponderati rispettivamente di circa $37.96, $37.9794 e $37.8495. La proprietà beneficiaria dichiarata è passata da 45.583 azioni dopo l'esercizio delle opzioni a 30.844 azioni dopo le vendite. Il deposito segnala la maturazione delle opzioni (metà maturata il 23/02/2019 e metà il 23/02/2020).

Jeanne L. Linnenbringer, Chief Operations Officer de CNO Financial Group (CNO), ejerció opciones sobre acciones y vendió acciones ordinarias bajo un plan 10b5-1. El 13/08/2025 ejerció 4.420 opciones con precio de ejercicio de $21.06, adquiriendo 4.420 acciones. Esas acciones y otras participaciones se vendieron conforme a un plan de negociación Rule 10b5-1 adoptado el 5 de mayo de 2025, con ventas informadas el 13/08/2025, 14/08/2025 y 15/08/2025 a precios promedio ponderados de aproximadamente $37.96, $37.9794 y $37.8495, respectivamente. La propiedad beneficiosa declarada bajó de 45.583 acciones tras el ejercicio de las opciones a 30.844 acciones después de las ventas. La presentación indica la adquisición de derechos de las opciones (la mitad adquirida el 23/02/2019 y la otra mitad el 23/02/2020).

Jeanne L. Linnenbringer, CNO Financial Group(CNO) 최고운영책임�(COO)� 스톡옵션� 행사하고 10b5-1 계획� 따라 보통주를 매각했습니다. 2025-08-13� 행사가� $21.06� 4,420� 분량� 스톡옵션� 행사하여 4,420주를 취득했습니다. 해당 주식� 추가 보유분은 2025-05-05� 채택� Rule 10b5-1 거래계획� 따라 매각되었으며, 매각 신고� 2025-08-13, 2025-08-14, 2025-08-15� 각각 가중평� � $37.96, $37.9794, $37.8495� 가격으� 이루어졌습니�. 보고� 유익소유량은 옵션 행사 � 45,583주에� 매각 � 30,844주로 감소했습니다. 서류에는 옵션� 베스팅도 기재되어 있으�(절반은 2019-02-23, 나머지 절반은 2020-02-23� 베스트됨)입니�.

Jeanne L. Linnenbringer, Directrice des Opérations (COO) de CNO Financial Group (CNO), a exercé des options sur actions et vendu des actions ordinaires dans le cadre d'un plan 10b5-1. Le 13/08/2025, elle a exercé 4 420 options au prix d'exercice de 21,06 $, acquérant ainsi 4 420 actions. Ces actions et d'autres participations ont été vendues selon un plan de négociation Rule 10b5-1 adopté le 5 mai 2025, avec des ventes déclarées les 13/08/2025, 14/08/2025 et 15/08/2025 à des prix moyens pondérés d'environ 37,96 $, 37,9794 $ et 37,8495 $ respectivement. La propriété bénéficiaire déclarée est passée de 45 583 actions après l'exercice des options à 30 844 actions après les ventes. le dossier indique la période d'acquisition des options (la moitié acquise le 23/02/2019 et l'autre moitié le 23/02/2020).

Jeanne L. Linnenbringer, Chief Operations Officer der CNO Financial Group (CNO), hat Aktienoptionen ausgeübt und Stammaktien im Rahmen eines 10b5-1-Plans verkauft. Am 13.08.2025 übte sie 4.420 Optionen zum Ausübungspreis von $21,06 aus und erwarb 4.420 Aktien. Diese Aktien und weitere Bestände wurden gemäß einem am 5. Mai 2025 angenommenen Rule-10b5-1-Handelsplan veräußert; gemeldete Verkäufe erfolgten am 13.08.2025, 14.08.2025 und 15.08.2025 zu gewichteten Durchschnittspreisen von etwa $37,96, $37,9794 bzw. $37,8495. Das gemeldete wirtschaftliche Eigentum sank von 45.583 Aktien nach Ausübung der Optionen auf 30.844 Aktien nach den Verkäufen. Die Einreichung vermerkt die Vesting-Termine der Optionen (die Hälfte am 23.02.2019, die andere Hälfte am 23.02.2020).

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Linnenbringer Jeanne L.

(Last) (First) (Middle)
C/O CNO FINANCIAL GROUP, INC.
11299 ILLINOIS STREET, SUITE 200

(Street)
CARMEL IN 46032

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CNO Financial Group, Inc. [ CNO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operations Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2025 M 4,420 A $21.06 45,583 D
Common Stock 08/13/2025 S 4,420(1) D $37.9599(2) 41,163 D
Common Stock 08/13/2025 S 2,000(1) D $37.9599(2) 39,163 D
Common Stock 08/14/2025 S 4,862(1) D $37.9794(3) 34,301 D
Common Stock 08/15/2025 S 3,457(1) D $37.8495(4) 30,844 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $21.06 08/13/2025 M 4,420 (5) 02/23/2027 Common Stock 4,420 $0 0 D
Explanation of Responses:
1. Shares sold pursuant to a Rule 10b5-1 trading plan adopted on May 5, 2025.
2. Reflects the weighted average sale price. Shares were sold at prices ranging from $37.82 per share to $38.17 per share. Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.
3. Reflects the weighted average sale price. Shares were sold at prices ranging from $37.795 per share to $38.17 per share. Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.
4. Reflects the weighted average sale price. Shares were sold at prices ranging from $37.68 per share to $38.24 per share. Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.
5. One-half of the stock options vested on February 23, 2019, and one-half vested on February 23, 2020.
Remarks:
Heidi M. Krings, Attorney-in-Fact 08/15/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Jeanne L. Linnenbringer report on Form 4 for CNO?

The filing reports a 4,420-share option exercise at a $21.06 strike on 08/13/2025 and subsequent sales on 08/13/2025, 08/14/2025 and 08/15/2025 under a 10b5-1 plan.

How many CNO shares does the reporting person own after these transactions?

The filing shows 30,844 shares beneficially owned following the reported transactions.

Were the sales part of a preplanned trading program?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on May 5, 2025.

At what prices were the CNO shares sold?

The filing discloses weighted average sale prices: approx. $37.9599, $37.9794, and $37.8495 with individual sale prices ranging about $37.68 to $38.24 across transactions.

When did the reported stock options vest?

The filing notes the options vested in two halves: 02/23/2019 and 02/23/2020.
Cno Finl Group Inc

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3.65B
94.59M
2.22%
97.42%
1.73%
Insurance - Life
Accident & Health Insurance
United States
CARMEL