Under which plan was Lloyd Karole’s AFLAC INC (AFL) share grant made?

The 1,721-share grant to Lloyd Karole was made under the Aflac Incorporated Long-Term Incentive Plan, as amended and restated February 14, 2017. This plan governs the equity-based awards AFLAC INC provides to eligible participants, including directors.

What does the zero price per share mean in Lloyd Karole’s AFL Form 4?

The Form 4 lists a transaction price of $0.0000 per share for the 1,721 shares. This is consistent with a share grant under a long-term incentive plan, where shares are awarded as compensation rather than purchased for cash in the open market.

AFLAC (NYSE: AFL) director receives 1,721-share equity grant under incentive plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AFLAC INC director Lloyd Karole received a grant of 1,721 shares of common stock on May 4, 2026, labeled as a “grant, award, or other acquisition.” The award was granted under the Aflac Incorporated Long-Term Incentive Plan, increasing Karole’s direct holdings to 50,540 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lloyd Karole

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,721	$0.00	--

Holdings After Transaction: Common Stock — 50,540 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 1,721 shares Post-transaction holdings: 50,540 shares Transaction price: $0.0000 per share +3 more

6 metrics

Shares granted 1,721 shares Common Stock grant on May 4, 2026

Post-transaction holdings 50,540 shares Direct common stock ownership after grant

Transaction price $0.0000 per share Reported grant price for awarded shares

Transaction code A Grant, award, or other acquisition of common stock

Ownership type Direct (D) Direct ownership reported for granted shares

Transaction direction Acquire Form 4 classification for this equity grant

Key Terms

Long-Term Incentive Plan, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

Long-Term Incentive Plan financial

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

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 05:02 PM

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^*

Lloyd Karole

(Last)

(First)

(Middle)

C/O AFLAC INCORPORATED

1932 WYNNTON ROAD

(Street)

COLUMBUS

GEORGIA

31999

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/04/2026		A		1,721⁽¹⁾	A	$0	50,540	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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: Karole F. Lloyd	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AFL (AFLAC INC) report for Lloyd Karole?

AFLAC INC reported that director Lloyd Karole received a grant of 1,721 shares of common stock on May 4, 2026. The Form 4 identifies this as a grant, award, or other acquisition rather than an open-market purchase or sale.

How many AFLAC INC (AFL) shares does Lloyd Karole hold after this grant?

After the May 4, 2026 grant, Lloyd Karole directly holds 50,540 shares of AFLAC INC common stock. This total includes the newly granted 1,721 shares reported on the Form 4 filing and reflects Karole’s post-transaction direct ownership position.

Was Lloyd Karole’s AFL (AFLAC INC) transaction a market buy or compensation grant?

The transaction is reported as a grant, award, or other acquisition, not an open-market buy. The 1,721 shares of common stock were granted under the Aflac Incorporated Long-Term Incentive Plan, indicating a compensation-related award instead of a market purchase.