Corebridge Financial (CRBG) Proxy filing summary

Executive summary

• Corebridge and Equitable propose an all-stock merger to form a leading retirement, life, wealth, and asset management company, with over $1.5 trillion in assets under management and administration, serving more than 12 million customers.

• The merger will be executed through a two-step process, with both companies becoming wholly-owned subsidiaries of a new holding company, New Equitable, which will be renamed Equitable Holdings, Inc. and listed on the NYSE under the symbol EQH.

• The boards of both companies unanimously recommend approval of the merger, citing strategic, financial, and operational benefits, including significant synergies, enhanced scale, and a diversified business mix.

Voting matters and shareholder proposals

• Corebridge stockholders will vote on: (1) adoption of the Merger Agreement, (2) a non-binding advisory vote on executive compensation related to the merger, (3) adoption of the 2026 Employee Stock Purchase Plan (ESPP), and (4) adjournment of the special meeting if needed to solicit additional proxies.

• Equitable stockholders will vote on: (1) adoption of the Merger Agreement, (2) a non-binding advisory vote on executive compensation related to the merger, and (3) adjournment of the special meeting if needed.

• Both boards unanimously recommend voting FOR all proposals.

Board of directors and corporate governance

• The New Equitable board will have 14 directors: seven from each company, including the current CEOs and board chairs.

• The New Equitable Executive Chair will be the current Equitable CEO; the New Equitable CEO will be the current Corebridge CEO; the Lead Independent Director will be the current Corebridge board chair.

• Board committees will have equal representation from both companies, and key executive roles are allocated between the two organizations.