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Insider Trading Arrangements
3 Months Ended 6 Months Ended
Jun. 30, 2023
shares
Jun. 30, 2023
shares
Trading Arrangements, by Individual    
Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Officer Trading Arrangement [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted by our executive officers during the first quarter of 2023, each of which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as Rule 10b5-1 trading plans. The plans are only executed when the stock price reaches a required minimum. In addition, the executives identified in the table below are required to maintain an ownership of the Company’s common stock with a value equal to at least a multiple of their annual base salary (6 times for Mr. Pearson and 3 times for Mr. Hurd and Mr. Lane).
Name and TitleDate of Adoption of Rule 10b5-1 Trading PlanScheduled Start Date of Rule 10b5-1 Trading Plan
Scheduled Expiration Date of Rule 10b5-1 Trading Plan(1)
Aggregate Number of Securities to be Purchased or Sold
Mark Pearson
President and Chief Executive Officer
2/10/20235/15/20235/15/2024
Sale of up to 360,000 shares(2) of common stock in several transactions through the scheduled expiration date in 2024
Jeffrey J. Hurd
Chief Operating Officer
2/10/20235/15/202311/15/2023
Sale of up to 48,600 shares(3) of common stock in several transactions through the scheduled expiration date in 2023
Nick Lane
Head of Retirement, Wealth Management and Protection Solutions
2/10/20233/15/20239/15/2023
Sale of up to 120,000(4) shares of common stock in several transactions through the scheduled expiration date in 2023
(1)In each case, a Rule 10b5-1 trading plan may also expire on such earlier date as all transactions under the Rule 10b5-1 trading plan are completed.
(2)240,000 of Mr. Pearson’s shares consist of stock options and 120,000 of Mr. Pearson’s shares consist of common stock already owned.
(3)All 48,600 of Mr. Hurd’s shares consist of common stock already owned.
(4)60,000 of Mr. Lane’s shares consist of stock options and 60,000 of Mr. Lane’s shares consist of common stock already owned.
Rule 10b5-1 Arrangement Adopted true  
Officer Trading Arrangement [Member] | Mark Pearson [Member]    
Trading Arrangements, by Individual    
Name Mark Pearson  
Title President and Chief Executive Officer  
Adoption Date 2/10/2023  
Arrangement Duration 366 days  
Aggregate Available 360,000 360,000
Officer Trading Arrangement [Member] | Jeffrey J Hurd [Member]    
Trading Arrangements, by Individual    
Name Jeffrey J. Hurd  
Title Chief Operating Officer  
Adoption Date 2/10/2023  
Arrangement Duration 184 days  
Aggregate Available 48,600 48,600
Officer Trading Arrangement [Member] | Nick Lane [Member]    
Trading Arrangements, by Individual    
Name Nick Lane  
Title Head of Retirement, Wealth Management and Protection Solutions  
Adoption Date 2/10/2023  
Arrangement Duration 184 days  
Aggregate Available 120,000 120,000
Officer Trading Arrangement, Stock Option [Member] | Mark Pearson [Member]    
Trading Arrangements, by Individual    
Aggregate Available 240,000 240,000
Officer Trading Arrangement, Stock Option [Member] | Nick Lane [Member]    
Trading Arrangements, by Individual    
Aggregate Available 60,000 60,000
Officer Trading Arrangement, Common Stock Owned [Member] | Mark Pearson [Member]    
Trading Arrangements, by Individual    
Aggregate Available 120,000 120,000
Officer Trading Arrangement, Common Stock Owned [Member] | Jeffrey J Hurd [Member]    
Trading Arrangements, by Individual    
Aggregate Available 48,600 48,600
Officer Trading Arrangement, Common Stock Owned [Member] | Nick Lane [Member]    
Trading Arrangements, by Individual    
Aggregate Available 60,000 60,000