Equitable (EQH) Proxy filing summary

Executive summary

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

• The merger agreement was unanimously approved by both boards and is subject to shareholder approval at special meetings scheduled for July 30, 2026.

• Upon closing, Corebridge shareholders will receive 1.000 share of New Equitable common stock per Corebridge share, and Equitable shareholders will receive 1.55516 shares per Equitable share; preferred shares will convert into new series with substantially identical rights.

• The combined company will be headquartered in Houston, Texas, and listed on the NYSE under the symbol EQH.

Voting matters and shareholder proposals

• Corebridge shareholders will vote on: (1) adoption of the merger agreement, (2) a non-binding advisory vote on executive compensation, (3) adoption of the 2026 Employee Stock Purchase Plan (ESPP), and (4) adjournment if more votes are needed.

• Equitable shareholders will vote on: (1) adoption of the merger agreement, (2) a non-binding advisory vote on executive compensation, and (3) adjournment if more votes are needed.

• Both boards unanimously recommend voting FOR all proposals.

• Special meetings will be held virtually, and only shareholders of record as of June 22, 2026, may vote.

Board of directors and corporate governance

• The new board will have 14 directors: 7 designated by each company, including the current CEOs and board chairs.

• The Equitable CEO will serve as Executive Chair, the Corebridge CEO as President and CEO, and the Corebridge board chair as Lead Independent Director.

• Four standing committees (Audit, Compensation, Nominating and Governance, Risk) will each have equal representation from both companies.

• Nippon Life, a major shareholder, will have director nomination and consent rights, information access, and standstill provisions under a new stockholder agreement.