CNO CIO Mead sells 24,970 shares (61.4% of holdings) in 2 transactions for $950.9K at $38.08 avg; retains 15.7K shares
Mead Michael E., CNO's Chief Information Officer, executed 2 separate sales totaling 24,970 shares for $950,902.53, reducing his holdings by 61.4% from 40,699 shares to 15,729 shares. The sales occurred on 2025-07-03 at $38.20 and 2025-07-07 at $37.97, with a blended average of $38.08—a modest premium to the current price of $37.49 and just below the 52-week high of $42.37. While the company shows stable fundamentals (P/E of 12.17, revenue growth of 7.3% YoY, and a $3.7B market cap), the material reduction in insider holdings—from 40.7K to 15.7K shares—warrants attention. The lack of offsetting transactions or accumulation activity in the filing suggests this represents a substantial net portfolio reduction rather than a routine rebalancing event.