Globe Life EVP awarded options and stock grants
GLOBE LIFE INC. executive Michael Clay Majors, EVP and Chief Strategy Officer, reported multiple equity compensation movements.
Rhea-AI Filing Summary
GLOBE LIFE INC. executive Michael Clay Majors, EVP and Chief Strategy Officer, reported multiple equity compensation movements. He received an employee stock option grant for 12,500 shares at an exercise price of $0.00 per share, first exercisable as to 50% of the shares on February 27, 2028 and the remaining 50% on February 27, 2029.
Majors also acquired 9,578 shares of common stock and an additional 1,140 shares as grants or awards, bringing his directly owned common stock to 53,518.447 shares after the later grant. In a separate tax-withholding transaction, 3,769 shares of common stock were disposed of at $144.15 per share to cover tax obligations, leaving 52,378.447 directly owned shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 12,500 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,140 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,578 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,769 | $144.15 | $543K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. First exercisable as to 50% of shares 02-27-28 and as to remaining 50% of shares 02-27-2029.
FAQ
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