Globe Life CFO exercises options, sells 11,903 shares
Rhea-AI Filing Summary
GLOBE LIFE INC. Executive Vice President and CFO Thomas Peter Kalmbach reported option exercises and share sales in company stock. On 2026-05-19, he exercised employee stock options for 15,000 shares of common stock at an exercise price of $103.23 per share and acquired those shares.
The same day, he completed an open-market sale of 11,903 shares of common stock at an average price of about $156.6148 per share, with sale prices ranging from $156.145 to $157.05 per share. After these transactions, he beneficially owned 48,431.7065 shares directly and 1,152.787 shares indirectly through a 401(k) plan, and held 20,000 remaining employee stock options at a $103.23 exercise price expiring on 2029-02-23.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Kalmbach Thomas Peter
Role
EVP & CFO
Sold
11,903 shs ($1.86M)
Approx. gross sale proceeds
$1.86M
Approx. exercise cost
$1.55M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 15,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,000 | $103.23 | $1.55M |
| Sale | Common Stock | 11,903 | $156.6148 | $1.86M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 20,000 contracts (Direct);
Common Stock — 48,431.7065 shares (Direct);
Common Stock — 1,152.787 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 $156.145 per share to $157.05 per share.
Key Figures
Shares sold: 11,903 shares
Average sale price: $156.6148 per share
Options exercised: 15,000 shares
+4 more
7 metrics
Shares sold
11,903 shares
Open-market sale of common stock on 2026-05-19
Average sale price
$156.6148 per share
Prices ranged from $156.145 to $157.05
Options exercised
15,000 shares
Employee stock option exercise at $103.23 on 2026-05-19
Exercise price
$103.23 per share
Employee Stock Option (Right to Buy) for common stock
Direct holdings after
48,431.7065 shares
Common stock held directly following transactions
401(k) holdings
1,152.787 shares
Common stock held indirectly via 401(k) Plan
Remaining options
20,000 options
Employee stock options at $103.23 expiring 2029-02-23
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.
FAQ
What insider transactions did GL CFO Thomas Peter Kalmbach report?
Thomas Peter Kalmbach reported exercising employee stock options and selling Globe Life common shares. He acquired 15,000 shares via option exercise at $103.23 and sold 11,903 shares in an open‑market transaction at an average price of about $156.61 per share.
What stock options does the Globe Life (GL) CFO still hold?
Following the option exercise, the CFO held 20,000 employee stock options described as a right to buy Globe Life common stock. These options have an exercise price of $103.23 per share and an expiration date of February 23, 2029.
Was the Globe Life (GL) CFO’s Form 4 transaction a net buy or net sell?
Overall activity showed a net share disposition. The CFO exercised options for 15,000 shares and sold 11,903 shares, with the summary indicating a net-sell direction based on 11,903 shares sold in the open market during the reported day.
AI-generated analysis. How Rhea-AI works. Not financial advice.
