Form 4: Broden Max reports disposition transactions in AFL

Rhea-AI Filing Summary

Broden Max reported disposition transactions in a Form 4 filing for AFL. The filing lists transactions totaling 2,290 shares at a weighted average price of $113.20 per share. Following the reported transactions, holdings were 119,772 shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Broden Max

Role Sr. EVP, CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,290	$113.20	$259K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 119,772 shares (Direct); Common Stock — 340 shares (Indirect, Spouse)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Broden Max

(Last) (First) (Middle)

C/O AFLAC INCORPORATED

1932 WYNNTON ROAD

(Street)

COLUMBUS GA 31999

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AFLAC INC [ AFL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		F		2,290	D	$113.2	119,772	D
Common Stock								340	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	By: Brooke R. Phillips For: Max K. Broden	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did AFL (Aflac Inc.) report on this Form 4?

The filing shows Aflac’s Sr. EVP and CFO, Max Broden, disposed of 2,290 shares of common stock on 02/09/2026. This was a tax-withholding disposition, where shares are delivered to satisfy tax obligations rather than sold on the market.

Was the AFL insider transaction a market sale or tax withholding?

The transaction was a tax-withholding disposition, coded “F”. This means 2,290 shares were used to pay exercise price or tax liabilities at $113.20 per share, instead of being sold as an open-market sale to other investors.

How many AFL shares does CFO Max Broden own after this Form 4 transaction?

After the reported transaction, Max Broden beneficially owns 119,772 shares of Aflac common stock directly. The filing also reports an additional 340 shares held indirectly, attributed to his spouse, reflecting his total reported beneficial ownership positions.

What does transaction code “F” mean in the AFL Form 4 filing?

Transaction code “F” represents “Payment of exercise price or tax liability by delivering securities.” In this case, 2,290 shares of Aflac common stock were disposed of at $113.20 per share to satisfy tax-related obligations, not as a discretionary stock sale.

Does the AFL Form 4 show any indirect holdings for the CFO?

Yes. In addition to direct holdings, the Form 4 reports 340 shares of Aflac common stock held indirectly with ownership listed as “Spouse.” This indicates a separate beneficial holding associated with his marital relationship, distinct from his direct ownership.