Tax withholding adjusts Aflac (NYSE: AFL) CFO Max Broden’s share holdings

Rhea-AI Filing Summary

Aflac Inc. senior executive Max Broden reported a small insider share transaction related to taxes. On 02/13/2026, 12 shares of Aflac common stock, held indirectly through his spouse, were disposed of at $114.91 per share to cover a tax liability. Following this tax-withholding disposition, 383 shares are reported as indirectly owned through his spouse, and 147,376 shares are reported as held directly.

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

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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)
02/13/2026

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	02/13/2026		F		12	D	$114.91	383	I	Spouse
Common Stock								147,376	D

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	02/17/2026
	** 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 Aflac (AFL) CFO Max Broden report?

Aflac Sr. EVP and CFO Max Broden reported a small insider transaction involving 12 shares of common stock. These shares were disposed of on 02/13/2026 to satisfy a tax liability, using shares held indirectly through his spouse at a reported price of $114.91.

What does transaction code F mean in the Aflac (AFL) Form 4 filing?

Transaction code F indicates a tax-withholding disposition rather than an open-market sale. In this case, 12 Aflac common shares were delivered to cover tax obligations associated with equity compensation, using stock held indirectly through the reporting person’s spouse.

How many Aflac (AFL) shares does Max Broden report owning after this Form 4?

After the reported transaction, Max Broden reports 383 Aflac common shares held indirectly through his spouse and 147,376 shares held directly. The 12-share tax-withholding disposition slightly reduced the spouse-held position but left overall reported ownership largely unchanged.

Was the Aflac (AFL) CFO’s Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition coded F, not an open-market sale. Twelve Aflac shares were used to pay a tax liability tied to equity compensation, rather than being sold at the executive’s discretion on the open market.

How are indirect holdings reported in the Aflac (AFL) Form 4 for Max Broden?

Indirect holdings are reported under the nature of ownership field as “Spouse.” After the tax-withholding event, 383 Aflac common shares are listed as indirectly owned through his spouse, reflecting the reduced balance following the 12-share disposition.