Globe Life (NYSE: GL) CFO sells shares after exercising stock options

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.

Insider Trade Summary

Net Seller: 11,903 shares ($1,864,186)

Net Sell 4 txns

Insider Kalmbach Thomas Peter

Role EVP & CFO

Sold 11,903 shs ($1.86M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	15,000	$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 shares (Direct, null); Common Stock — 60,334.707 shares (Direct, null); Common Stock — 1,152.787 shares (Indirect, 401(k) Plan)

Footnotes (1)

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. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
05/19/2026

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	05/19/2026		M		15,000	A	$103.23	60,334.7065	D
Common Stock	05/19/2026		S		11,903	D	$156.6148(1)(2)	48,431.7065	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	05/19/2026		M			15,000	02/23/2025	02/23/2029	Common Stock	15,000	$0	20,000	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 $156.145 per share to $157.05 per share.

	Thomas P. Kalmbach, By /s/ Chris T. Moore, Attorney-in-fact	05/20/2026
	** 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)

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.

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

The CFO sold 11,903 Globe Life common shares. The sales occurred at prices ranging from $156.145 to $157.05 per share, with an average transaction price reported as approximately $156.6148 per share in this Form 4 filing.

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

After the reported transactions, the CFO directly held 48,431.7065 Globe Life common shares. He also indirectly held 1,152.787 shares through a 401(k) plan, reflecting his remaining equity stake disclosed in this Form 4.

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.