Globe Life CEO exercises options, sells 18,318 shares
Globe Life Inc. Co‑Chairman & CEO James Matthew Darden reported an option exercise and related share sale.
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Form Type
4/A
Rhea-AI Filing Summary
Globe Life Inc. Co‑Chairman & CEO James Matthew Darden reported an option exercise and related share sale. He exercised 18,318 shares of common stock via employee stock options at $100.7400 per share, then completed an open‑market sale of 18,318 shares at an average price of $145.1029 per share.
Footnotes state the sale prices ranged from $145.00 to $145.275 per share. After these transactions, he directly holds 58,451.4598 shares of common stock, plus 4,185.5850 shares held indirectly through a 401(k) Plan, and 26,682 employee stock options remain outstanding.
Insider Trade Summary
Exercise and Sale: 18,318 shares ($813K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Darden James Matthew
Role
Co-Chairman & CEO
Sold
18,318 shs ($2.66M)
Approx. gross sale proceeds
$2.66M
Approx. exercise cost
$1.85M
Approx. pre-tax spread
$813K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 18,318 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,318 | $100.74 | $1.85M |
| Sale | Common Stock | 18,318 | $145.1029 | $2.66M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 26,682 contracts (Direct);
Common Stock — 58,451.4598 shares (Direct);
Common Stock — 4,185.585 shares (Indirect, 401(k) Plan)
Footnotes (2)
- F1. Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.
- F2. Sales at prices ranging from $145.00 per share to $145.275 per share.
Key Figures
Shares sold: 18,318 shares
Average sale price: $145.1029 per share
Option exercise price: $100.7400 per share
+5 more
8 metrics
Shares sold
18,318 shares
Open-market sale of common stock on March 4, 2026
Average sale price
$145.1029 per share
Common stock sale prices ranged $145.00–$145.275
Option exercise price
$100.7400 per share
Employee stock option exercise for 18,318 shares
Direct holdings after transaction
58,451.4598 shares
Common stock directly owned after March 4, 2026
Indirect 401(k) holdings
4,185.5850 shares
Common stock held through 401(k) Plan
Remaining employee stock options
26,682 options
Employee Stock Option (Right to Buy) after exercise
Option expiration date
February 26, 2027
Employee stock option term end
Option exercisable since
February 26, 2023
Employee stock option exercise start date
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, 401(k) Plan
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
401(k) Plan financial
"nature_of_ownership": "401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Globe Life (GL) CEO James Matthew Darden report?
James Matthew Darden reported exercising 18,318 employee stock options and selling 18,318 Globe Life common shares in an open‑market transaction. The filing shows this as an option exercise followed by a sale of the same number of shares on March 4, 2026.
What was the stock option exercise price in the Globe Life (GL) Form 4/A?
The employee stock options were exercised at $100.7400 per share for 18,318 underlying Globe Life common shares. These options were originally exercisable beginning February 26, 2023 and have an expiration date of February 26, 2027, according to the filing details.
Is this Globe Life (GL) CEO transaction an exercise‑and‑sell pattern?
Yes. The filing shows an exercise of 18,318 employee stock options and an open‑market sale of 18,318 common shares on the same date. This reflects a typical exercise‑and‑sell pattern where newly acquired shares from options are immediately sold at prevailing market prices.
What employee stock option position remains for the Globe Life (GL) CEO?
Following the exercise of 18,318 options, the CEO still holds 26,682 employee stock options. These options relate to Globe Life common stock, with a conversion or exercise price of $100.7400 per share and an expiration date of February 26, 2027, as disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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