Globe Life (GL) EVP Michael Majors reports option grant and stock awards
Filing Impact
Filing Sentiment
Form Type
4
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
5 transactions reported
Mixed
5 txns
Insider
MAJORS MICHAEL CLAY
Role
EVP - Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 12,500 | $0.00 | -- |
| Grant/Award | Common Stock | 1,140 | $0.00 | -- |
| Grant/Award | Common Stock | 9,578 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,769 | $144.15 | $543K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 12,500 shares (Direct);
Common Stock — 53,518.447 shares (Direct);
Common Stock — 0 shares (Indirect, N/A)
Footnotes (1)
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FAQ
What insider transactions did GL executive Michael Clay Majors report?
Michael Clay Majors reported stock option and stock award grants plus a tax-related share disposition. He received 12,500 options, 9,578 and 1,140 common shares as awards, and 3,769 shares were withheld at $144.15 each to satisfy tax obligations.
How many Globe Life (GL) options were granted to Michael Clay Majors?
He was granted an employee stock option covering 12,500 shares at a $0.00 exercise price. According to the filing, 50% of these options become exercisable on February 27, 2028 and the remaining 50% on February 27, 2029, subject to their terms.
When do Michael Clay Majors’ newly granted Globe Life (GL) options become exercisable?
The option grant becomes exercisable in two stages: 50% of the 12,500 options on February 27, 2028, and the remaining 50% on February 27, 2029. This vesting schedule is specified in the footnote accompanying the option grant.