Globe Life EVP Majors Nets $1.37M; Retains 47k Shares

Rhea-AI Filing Summary

Globe Life Inc. (GL) – Form 4 insider activity

On 08/01/2025, EVP & Chief Strategy Officer Michael C. Majors exercised 10,000 employee stock options at an exercise price of $100.74. The newly issued shares were almost entirely sold the same day:

• Sales of 9,991 and 9 shares occurred within a $136.79–$137.78 range; weighted average disclosed at $137.41.
• Approximate gross proceeds: $1.37 million; option cost: $1.01 million.
• After the transactions, Majors holds 47,066 common shares directly, unchanged versus pre-exercise level.
• He retains 27,000 stock options (right to buy) expiring 02/26/2027.

No other equity or derivative movements were reported. The filing reflects a routine option exercise-and-sell transaction rather than an outright open-market purchase or disposal.

Positive

• Executive retains 47,066 shares, demonstrating continued direct equity exposure.
• Officer still holds 27,000 unexercised options expiring in 2027, preserving upside participation.

Negative

• Approximately $1.37 million of shares were sold, reducing near-term insider buying optics.

Insights

Equity Analyst

TL;DR: Neutral—exercise covered by sale; economic exposure unchanged.

The executive converted in-the-money options, immediately liquidating the underlying shares at a 36% premium to the strike. Because the share count reverts to 47,066, his direct ownership stake is unchanged, suggesting a liquidity or tax-driven move rather than a shift in sentiment. Retention of 27,000 additional options maintains future upside alignment. Impact on valuation or governance is immaterial.

Corporate Governance Specialist

TL;DR: Routine 10b5-1-style sale; minimal governance signal.

The matched exercise-and-sale pattern is common among senior officers for diversification. Volume (~$1.37 M) is modest relative to Globe Life’s float and does not raise red-flag ownership concerns. The officer keeps a meaningful residual stake and long-dated options, preserving incentive alignment. I view the filing as non-impactful for shareholders.

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^*

MAJORS MICHAEL CLAY

(Last) (First) (Middle)

GLOBE LIFE INC.

3700 SOUTH STONEBRIDGE DRIVE

(Street)

MCKINNEY TX 75070

(City) (State) (Zip)

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 - Chief Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/01/2025		M		10,000	A	$100.74	57,066	D
Common Stock	08/01/2025		S		9,991	D	$137.4126(1)(2)	47,075	D
Common Stock	08/01/2025		S		9	D	$137.79(2)	47,066	D
Common Stock								0	I	N/A

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)	$100.74	08/01/2025		M			10,000	02/26/2023	02/26/2027	Common Stock	10,000	$0	27,000	D

Explanation of Responses:

1. Sales at prices ranging from $136.79 per share to $137.78 per share.

2. 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.

	Michael C. Majors, By /s/ Chris T. Moore, Attorney-in-fact	08/05/2025
	** 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.

FAQ

What did Globe Life EVP Michael Majors do on 08/01/2025?

He exercised 10,000 employee stock options at $100.74 and sold nearly the same number of shares around $137.41.

How many Globe Life (GL) shares does Majors own after the Form 4 transactions?

He directly owns 47,066 common shares following the reported trades.

What was the average sale price of the shares disposed of?

The weighted average sale price disclosed is $137.41, with a range of $136.79 to $137.78.

Does the filing indicate additional option holdings?

Yes, Majors still holds 27,000 employee stock options exercisable until 02/26/2027.

Is this insider activity considered significant for investors?

Experts view the matched exercise-and-sale as routine and not materially impactful to Globe Life’s investment thesis.