F&G Annuities & Life, Inc. Adopts Rule 10b5-1 Trading Plan for Share Repurchases

Key Points from the Report

• F&G Annuities & Life, Inc. (FG on NYSE) has entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934.
• The trading plan is designed to facilitate the repurchase of the company’s common stock.
• The plan is tied to previously authorized share repurchase programs approved by the Board of Directors.
• Repurchases may begin as early as April 7, 2026, and the plan is set to terminate on May 30, 2026, unless ended earlier per its terms.
• The plan allows a broker to execute share repurchases on the open market, subject to certain parameters, daily volume limits, and market price-based tiers.
• The plan is intended to permit buybacks even during periods when F&G may otherwise be restricted by insider trading rules.
• The company is not obligated to repurchase any particular number of shares, and the actual amount and timing will depend on the plan parameters and market conditions.
• There is no assurance any specific amount of shares will be repurchased.

Details for Shareholders & Potential Impact

F&G Annuities & Life, Inc. (the “Company”) has entered into a Rule 10b5-1 trading plan effective March 30, 2026. Under this plan, the company authorizes a broker to carry out repurchases of F&G’s common stock (par value \$0.001), leveraging one or more share repurchase programs previously approved by the company’s Board.

The trading plan is notable for the following reasons:

• It enables the company to buy back stock during periods when it may otherwise be unable to do so due to insider trading restrictions (such as during blackout periods or when company insiders possess material non-public information).
• Repurchases will be conducted in accordance with both Rule 10b5-1 and Rule 10b-18, which are designed to allow companies to repurchase shares without being accused of market manipulation, provided they follow certain volume and timing restrictions.
• The plan employs a tiered structure linked to the prevailing market price of the stock, granting the broker discretion in executing transactions within set parameters.
• The plan’s term is relatively short, with a maximum duration of less than two months, but can be terminated earlier if the company chooses.
• The company is not required to repurchase any minimum or maximum number of shares; all repurchases are at the company’s discretion and subject to market conditions and plan restrictions.

Potentially Price Sensitive Information

• Share repurchase programs can have a significant impact on share value: Buybacks generally reduce the number of outstanding shares, potentially increasing earnings per share and supporting the share price, especially if the market perceives the shares as undervalued.
• Rule 10b5-1 plans are transparent and pre-arranged: This removes the perception of opportunistic buybacks based on inside information, but assures shareholders that the company is active in returning value to shareholders.
• No guarantee of repurchases: Despite the plan, the company makes it clear that it is not obligated to buy back any shares, and the actual amount repurchased will depend on market prices and other factors.
• Short duration and discretion: The plan’s limited timeframe and broad broker discretion may lead to concentrated repurchasing activity, which could influence short-term trading volumes and liquidity in the stock.

Additional Information

• The company’s common stock trades under the symbol FG on the New York Stock Exchange (NYSE).
• F&G’s 7.950% Senior Notes due 2053 (symbol: FGN) and 7.300% Junior Subordinated Notes due 2065 (symbol: FGSN) are also listed on the NYSE.
• F&G is incorporated in Delaware and operates primarily in the life insurance sector, based in Des Moines, IA.
• The company is not classified as an “emerging growth company” under SEC rules.

What Investors Should Watch

• Execution of the buyback plan: Watch for subsequent disclosures on the amount of shares repurchased and at what prices.
• Potential impact on EPS and share price: If buybacks are material, they could drive earnings per share growth and support the stock price in the short term.
• Signals of management’s confidence: Initiating a buyback plan could be interpreted as management’s belief that the shares are undervalued.
• Liquidity and trading volumes: Increased buyback activity may boost trading volumes and could result in short-term price movements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. All information is based on public filings and is subject to change without notice.

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