Aflac CFO logs stock awards and tax trades

Aflac Inc. executive Max Broden, Sr.

Rhea-AI Filing Summary

Aflac Inc. executive Max Broden, Sr. EVP and CFO, reported equity compensation and related tax transactions in company stock. On February 10, 2026, he acquired 49,458 shares of common stock at $0 under the Aflac Incorporated Long-Term Incentive Plan, increasing his direct holdings to 169,230 shares.

That same day, 21,854 shares of common stock were disposed of at $113.20 per share to satisfy tax obligations, leaving 147,376 directly held shares. Indirectly through his spouse, he reported an award of 65 shares on February 10, 2026 (total 405 indirect shares) and a tax-withholding disposition of 10 shares at $116.25 per share on February 11, 2026, leaving 395 indirect shares.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Broden Max

Role Sr. EVP, CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	10	$116.25	$1K
Grant/Award	Common Stock	49,458	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	21,854	$113.20	$2.47M
Grant/Award	Common Stock	65	$0.00	$0.00

Holdings After Transaction: Common Stock — 147,376 shares (Direct); Common Stock — 395 shares (Indirect, Spouse)

Footnotes (1)

1. F1. Granted under the Aflac Incorporated Long-Term Incentive Plan (as Amended and Restated February 14, 2017).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AFL (Aflac Inc.) report for Max Broden?

Max Broden, Aflac’s Sr. EVP and CFO, reported stock awards and tax-related share dispositions. He received 49,458 common shares under a long-term incentive plan and had shares withheld or delivered to cover tax liabilities in both his direct and spouse’s indirect holdings.

How many AFL common shares does Aflac CFO Max Broden now hold directly?

After the reported transactions, Max Broden directly holds 147,376 AFL common shares. This follows a 49,458-share grant at $0 and a 21,854-share tax-withholding disposition at $113.20 per share, as disclosed in the Form 4 insider trading report.

What is the nature of the indirect AFL share ownership reported for Broden’s spouse?

Indirect ownership through Broden’s spouse reflects equity awards and tax withholding. The spouse’s account received 65 AFL shares and later had 10 shares disposed at $116.25 for taxes, resulting in 395 indirectly owned shares attributed to Broden’s spouse in the filing.

Were the AFL stock transactions by Max Broden open-market buys or sells?

The transactions were not open-market trades. The Form 4 shows grants of AFL common stock at $0 under Aflac’s long-term incentive plan and dispositions coded “F,” indicating shares delivered or withheld solely to pay exercise price or tax liabilities, not discretionary market buying or selling.

Under which plan were Max Broden’s AFL stock awards granted?

The stock awards were granted under the Aflac Incorporated Long-Term Incentive Plan, as amended and restated on February 14, 2017. This plan provides equity-based compensation, and the Form 4 notes that the 49,458-share and 65-share grants were issued pursuant to this incentive framework.

What transaction codes were used in the AFL Form 4 for Max Broden?

The Form 4 uses code “A” for grant or award acquisitions and code “F” for tax-withholding dispositions. “A” marks the cost-free stock awards from Aflac’s long-term incentive plan, while “F” indicates shares delivered or withheld to satisfy tax obligations tied to those equity grants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/12/2026 - 04:45 PM Learn about SEC filing dates

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)
02/10/2026

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	02/10/2026		A		49,458(1)	A	$0	169,230	D
Common Stock	02/10/2026		F		21,854	D	$113.2	147,376	D
Common Stock	02/10/2026		A		65(1)	A	$0	405	I	Spouse
Common Stock	02/11/2026		F		10	D	$116.25	395	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:

1. Granted under the Aflac Incorporated Long-Term Incentive Plan (as Amended and Restated February 14, 2017).

Remarks:

	By: Brooke R. Phillips For: Max K. Broden	02/12/2026
	** 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.