Globe Life (GL) CFO exercises 10,000 options and sells 7,936 shares

Rhea-AI Filing Summary

GLOBE LIFE INC. executive vice president and CFO Thomas Peter Kalmbach reported a combination of option exercise and share sale involving the company’s common stock. He exercised employee stock options for 10,000 shares at an exercise price of $103.23 per share and converted them into common stock.

On the same date, he sold 7,936 common shares in an open-market transaction at an average price of $156.5914 per share, with actual sale prices ranging from $156.25 to $157.08 per share. Following these transactions, he holds 50,495.7065 common shares directly and 1,152.787 shares indirectly through a 401(k) plan.

Insights

Insider transactions analyst

CFO combines option exercise with a partial share sale, retaining a sizable position.

The Globe Life EVP & CFO exercised employee stock options for 10,000 shares at an exercise price of $103.23, then sold 7,936 common shares at an average of $156.5914. This pattern is typical of monetizing part of an option grant.

After the transactions, he still directly owns 50,495.7065 shares of common stock, plus 1,152.787 shares in a 401(k) plan. With no remaining derivative position listed and no reference to a Rule 10b5-1 trading plan in the excerpt, this appears as a discretionary but not transformational portfolio move.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Kalmbach Thomas Peter

Role EVP & CFO

Sold 7,936 shs ($1.24M)

Approx. gross sale proceeds $1.24M

Approx. exercise cost $1.03M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	10,000	$0.00	$0.00
Exercise	Common Stock	10,000	$103.23	$1.03M
Sale	Common Stock	7,936	$156.5914	$1.24M
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 10,000 shares (Direct); Common Stock — 50,495.7065 shares (Direct); Common Stock — 1,152.787 shares (Indirect, 401(k) Plan)

Footnotes (2)

1. 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.
2. F2. Sales at prices ranging from $156.25 per share to $157.08 per share.

Key Figures

Shares sold: 7,936 shares Average sale price: $156.5914 per share Sale price range: $156.25–$157.08 per share +5 more

8 metrics

Shares sold 7,936 shares Open-market sale of common stock

Average sale price $156.5914 per share Open-market sale on 2026-05-22

Sale price range $156.25–$157.08 per share Price range disclosed in footnote

Options exercised 10,000 shares Employee stock option exercise

Option exercise price $103.23 per share Employee Stock Option (Right to Buy)

Direct holdings after 50,495.7065 shares Common stock held directly post-transaction

401(k) holdings 1,152.787 shares Indirect ownership through 401(k) plan

Option expiration February 23, 2029 Employee stock option expiry date

Key Terms

Employee Stock Option (Right to Buy), open-market sale, derivative security, 401(k) Plan

4 terms

Employee Stock Option (Right to Buy) financial

"security_title: "Employee Stock Option (Right to Buy)""

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.

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/26/2026 - 01:04 PM Learn about SEC filing dates

FAQ

What did Globe Life (GL) CFO Thomas Kalmbach report in his latest Form 4?

He reported exercising employee stock options for 10,000 Globe Life shares at $103.23 and selling 7,936 common shares at an average of $156.5914. After these transactions, he continues to hold substantial direct and 401(k) plan positions in Globe Life stock.

How many Globe Life (GL) shares did the CFO sell and at what price?

The CFO sold 7,936 Globe Life common shares in an open-market transaction at an average price of $156.5914 per share. Footnotes state the individual sales occurred at prices ranging from $156.25 to $157.08 per share on the reported transaction date.

What stock options did the Globe Life (GL) CFO exercise according to this Form 4?

He exercised an employee stock option covering 10,000 shares of Globe Life common stock with a conversion or exercise price of $103.23 per share. The option related to 10,000 underlying common shares and had an expiration date of February 23, 2029 in the filing excerpt.

How many Globe Life (GL) shares does the CFO own after these transactions?

After the reported transactions, the CFO directly owns 50,495.7065 shares of Globe Life common stock. In addition, he has an indirect holding of 1,152.787 shares through a 401(k) plan, as disclosed, giving a combined view of his reported equity exposure in this filing.

Were the Globe Life (GL) CFO’s transactions open-market trades or something else?

The filing shows an open-market sale of 7,936 Globe Life common shares coded “S,” alongside a derivative exercise coded “M” reflecting stock option conversion. The option exercise is a compensation-related event, while the sale represents a separate open-market disposition of common shares.

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^*

Kalmbach Thomas Peter

(Last) (First) (Middle)

GLOBE LIFE INC.

7677 HENNEMAN WAY

(Street)

MCKINNEY TEXAS 75070

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GLOBE LIFE INC. [ GL ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		10,000	A	$103.23	58,431.7065	D
Common Stock	05/22/2026		S		7,936	D	$156.5914(1)(2)	50,495.7065	D
Common Stock								1,152.787	I	401(k) Plan

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
Employee Stock Option (Right to Buy)	$103.23	05/22/2026		M			10,000	02/23/2025	02/23/2029	Common Stock	10,000	$0	10,000	D

Explanation of Responses:

1. 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.

2. Sales at prices ranging from $156.25 per share to $157.08 per share.

	Thomas P. Kalmbach, By /s/ Chris T. Moore, Attorney-in-fact	05/26/2026
	** 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)