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Corebridge Financial, Inc. (NYSE:CRBG), an $18 billion market cap company whose stock has gained over 20% in the past year, announced that on Friday, its Compensation and Management Development Committee approved special retention equity awards for two executives, according to a press release statement and a filing with the Securities and Exchange Commission.
Elias Habayeb received a grant of time-vested restricted stock units (RSUs) valued at $2,000,000, while Lisa Longino was granted RSUs valued at $1,500,000. The awards are intended to support leadership continuity and retain key personnel.
The RSUs will vest in full on September 30, 2027, provided each executive remains employed with the company through the vesting date. The awards are also subject to accelerated vesting if the executive’s employment is terminated without cause or if the executive resigns for good reason, as defined in the company’s 2022 Omnibus Incentive Plan.
These retention equity awards were granted under the Corebridge Financial, Inc. 2022 Omnibus Incentive Plan and related long-term incentive agreements. According to InvestingPro data, management has been actively buying back shares, demonstrating alignment with shareholder interests.
Corebridge Financial is a life insurance company based in Houston, Texas, and its common stock and 6.375% junior subordinated notes are listed on the New York Stock Exchange under the symbols CRBG and CRBD, respectively.
All information is based on a press release statement and the company’s recent SEC filing.
In other recent news, Corebridge Financial Inc. reported its Q2 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.36, which exceeded analyst expectations of $1.15. This represented an 18.26% surprise for investors. However, the company’s revenue did not meet forecasts, coming in at $4.42 billion, which was below the anticipated $4.89 billion, resulting in a 9.61% shortfall. Additionally, Corebridge Financial announced a leadership change with Marc Costantini set to become the new Chief Executive Officer effective December 1, 2025. Costantini will replace Kevin Hogan, who will transition to a six-month role as Special Advisor to the Board. Costantini brings experience from his previous roles at Manulife, Munich Re, and Guardian. These developments highlight significant changes and challenges for Corebridge Financial as it moves forward.
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