STOCK TITAN

[Form 4] Globe Life Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Globe Life Inc. (GL) – Form 4 insider transaction. EVP & Chief Strategy Officer Michael C. Majors exercised 10,000 employee stock options at an exercise price of $100.74 on 08/01/2025, immediately selling 9,991 shares in two open-market trades at a volume-weighted average price of $137.41 (price range $136.79-$137.78). A de-minimis 9 shares were also sold at $137.79.

After the transactions, Majors’ direct share ownership remains 47,066 common shares, unchanged versus the starting balance, implying the sale largely financed the option exercise and tax/cost obligations. He continues to hold 27,000 employee stock options with expiry 02/26/2027. No indirect ownership is reported.

The trades represent roughly 0.05 % of Globe Life’s 97 m basic shares outstanding, a size that is unlikely to affect float or governance dynamics. The Form 4 does not reference any 10b5-1 trading plan, suggesting discretionary timing. No company fundamentals, earnings data, or strategic disclosures accompany this filing; therefore, the filing’s material significance for shareholders is considered low, though some investors may view recurring executive sales as a sentiment datapoint.

Globe Life Inc. (GL) – Transazione interna Form 4. Il Vicepresidente Esecutivo e Chief Strategy Officer Michael C. Majors ha esercitato 10.000 opzioni azionarie per dipendenti al prezzo di esercizio di 100,74 $ il 01/08/2025, vendendo immediatamente 9.991 azioni in due operazioni di mercato aperto ad un prezzo medio ponderato per volume di 137,41 $ (intervallo di prezzo 136,79-137,78 $). Sono state inoltre vendute 9 azioni di valore trascurabile a 137,79 $.

Dopo queste operazioni, la detenzione diretta di azioni comuni di Majors rimane a 47.066 azioni, invariata rispetto al saldo iniziale, il che suggerisce che la vendita ha principalmente finanziato l’esercizio delle opzioni e le obbligazioni fiscali/costi. Continua a detenere 27.000 opzioni azionarie per dipendenti con scadenza il 26/02/2027. Non è riportata alcuna detenzione indiretta.

Le operazioni rappresentano circa lo 0,05% delle 97 milioni di azioni ordinarie in circolazione di Globe Life, una dimensione che difficilmente influenzerà la flottante o la dinamica di governance. Il modulo Form 4 non fa riferimento a un piano di trading 10b5-1, suggerendo una tempistica discrezionale. Non sono presenti dati fondamentali, di utili o divulgazioni strategiche in questo deposito; pertanto, l’importanza materiale per gli azionisti è considerata bassa, anche se alcuni investitori potrebbero interpretare vendite ricorrenti da parte dei dirigenti come un indicatore di sentiment.

Globe Life Inc. (GL) – Transacción interna Formulario 4. El Vicepresidente Ejecutivo y Director de Estrategia Michael C. Majors ejerció 10,000 opciones sobre acciones para empleados a un precio de ejercicio de $100.74 el 01/08/2025, vendiendo inmediatamente 9,991 acciones en dos operaciones de mercado abierto a un precio promedio ponderado por volumen de $137.41 (rango de precio $136.79-$137.78). También se vendieron 9 acciones de valor insignificante a $137.79.

Tras las transacciones, la posesión directa de acciones comunes de Majors se mantiene en 47,066, sin cambios respecto al saldo inicial, lo que implica que la venta financió en gran medida el ejercicio de opciones y obligaciones fiscales/costos. Continúa teniendo 27,000 opciones sobre acciones para empleados con vencimiento el 26/02/2027. No se reporta propiedad indirecta.

Las operaciones representan aproximadamente el 0.05% de las 97 millones de acciones básicas en circulación de Globe Life, un volumen que probablemente no afecte la flotación ni la dinámica de gobernanza. El Formulario 4 no menciona ningún plan de negociación 10b5-1, lo que sugiere un momento discrecional. No se incluyen datos fundamentales de la empresa, resultados o divulgaciones estratégicas en esta presentación; por lo tanto, la relevancia material para los accionistas se considera baja, aunque algunos inversores podrían ver las ventas recurrentes de ejecutivos como un dato de sentimiento.

Globe Life Inc. (GL) – Form 4 내부자 거래 보고. EVP 겸 최고전략책임자 Michael C. Majors가 2025년 8월 1일에 10,000주 직원 스톡옵션을 행사가격 $100.74에 행사하고, 즉시 두 차례의 공개시장 거래에서 9,991주를 거래량 가중 평균가격 $137.41 (가격 범위 $136.79-$137.78)에 매도했습니다. 또한 미미한 수량인 9주를 $137.79에 매도했습니다.

거래 후 Majors의 직접 보유 보통주는 47,066주로 변동이 없습니다. 이는 매도 대금이 주로 옵션 행사 및 세금/비용 부담을 충당했음을 시사합니다. 그는 만료일이 2027년 2월 26일인 27,000주 직원 스톡옵션을 계속 보유하고 있습니다. 간접 보유는 보고되지 않았습니다.

이번 거래는 Globe Life의 9,700만 기본 주식 중 약 0.05%에 해당하며, 유동 주식 수나 지배구조에 영향을 미칠 가능성은 낮습니다. Form 4에는 10b5-1 거래 계획 언급이 없어 임의 시점에 거래한 것으로 보입니다. 회사의 기본 재무정보, 실적 데이터, 전략적 공시는 없으므로, 이 보고서가 주주에게 미치는 중요성은 낮은 편으로 평가됩니다. 다만 일부 투자자는 경영진의 반복 매도를 시장 심리 지표로 볼 수도 있습니다.

Globe Life Inc. (GL) – Transaction d’initié Formulaire 4. Le Vice-Président Exécutif et Directeur de la Stratégie Michael C. Majors a exercé 10 000 options d’achat d’actions pour employés au prix d’exercice de 100,74 $ le 01/08/2025, vendant immédiatement 9 991 actions lors de deux transactions sur le marché ouvert à un prix moyen pondéré par volume de 137,41 $ (fourchette de prix de 136,79 $ à 137,78 $). Neuf actions supplémentaires, insignifiantes, ont également été vendues à 137,79 $.

Après ces transactions, la détention directe d’actions ordinaires de Majors reste inchangée à 47 066 actions, ce qui suggère que la vente a principalement financé l’exercice des options ainsi que les obligations fiscales et coûts associés. Il détient toujours 27 000 options d’achat d’actions pour employés expirant le 26/02/2027. Aucune détention indirecte n’est signalée.

Ces transactions représentent environ 0,05 % des 97 millions d’actions ordinaires en circulation de Globe Life, une taille peu susceptible d’affecter le flottant ou la dynamique de gouvernance. Le formulaire 4 ne mentionne aucun plan de négociation 10b5-1, ce qui suggère un calendrier discrétionnaire. Aucun élément fondamental, résultat financier ou divulgation stratégique n’accompagne ce dépôt ; par conséquent, la signification matérielle pour les actionnaires est considérée comme faible, bien que certains investisseurs puissent voir dans ces ventes récurrentes de cadres un indicateur de sentiment.

Globe Life Inc. (GL) – Insider-Transaktion Form 4. EVP und Chief Strategy Officer Michael C. Majors übte am 01.08.2025 10.000 Mitarbeiter-Aktienoptionen zum Ausübungspreis von 100,74 $ aus und verkaufte unmittelbar 9.991 Aktien in zwei offenen Markttransaktionen zum volumengewichteten Durchschnittspreis von 137,41 $ (Preisspanne 136,79–137,78 $). Zudem wurden 9 Aktien zu 137,79 $ verkauft.

Nach den Transaktionen verbleibt Majors’ direkter Aktienbesitz unverändert bei 47.066 Stammaktien, was darauf hindeutet, dass der Verkauf hauptsächlich die Ausübung der Optionen sowie Steuer- und Kostenverpflichtungen finanzierte. Er hält weiterhin 27.000 Mitarbeiter-Aktienoptionen mit Ablaufdatum 26.02.2027. Indirekter Besitz wird nicht gemeldet.

Die Transaktionen entsprechen etwa 0,05 % der 97 Mio. ausstehenden Stammaktien von Globe Life, eine Größenordnung, die die Streuung oder Governance-Dynamik kaum beeinflussen dürfte. Das Form 4 verweist nicht auf einen 10b5-1 Handelsplan, was auf diskretionäres Timing schließen lässt. Es werden keine Unternehmenskennzahlen, Gewinnzahlen oder strategische Offenlegungen mitgeteilt; daher wird die materielle Bedeutung für Aktionäre als gering eingeschätzt, auch wenn einige Investoren wiederkehrende Verkäufe von Führungskräften als Stimmungshinweis betrachten könnten.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine option exercise funded by near-simultaneous sale; no net share change, minimal impact on GL valuation.

Majors exercised 10,000 options acquired in 2023, selling almost the same number of shares at $137, roughly 36 % above the strike. The transaction is tax-efficient and leaves his direct stake flat at 47,066 shares—still a meaningful but non-controlling position (<0.05 % of shares outstanding). GL averages ~500 k daily volume; a 10 k share sale is easily absorbed and should not pressure price. Lack of a Rule 10b5-1 notation suggests timing discretion, yet the absence of net selling tempers any bearish signal. Overall, I view the filing as informational, with negligible effect on cash flow, share count, or insider alignment.

Globe Life Inc. (GL) – Transazione interna Form 4. Il Vicepresidente Esecutivo e Chief Strategy Officer Michael C. Majors ha esercitato 10.000 opzioni azionarie per dipendenti al prezzo di esercizio di 100,74 $ il 01/08/2025, vendendo immediatamente 9.991 azioni in due operazioni di mercato aperto ad un prezzo medio ponderato per volume di 137,41 $ (intervallo di prezzo 136,79-137,78 $). Sono state inoltre vendute 9 azioni di valore trascurabile a 137,79 $.

Dopo queste operazioni, la detenzione diretta di azioni comuni di Majors rimane a 47.066 azioni, invariata rispetto al saldo iniziale, il che suggerisce che la vendita ha principalmente finanziato l’esercizio delle opzioni e le obbligazioni fiscali/costi. Continua a detenere 27.000 opzioni azionarie per dipendenti con scadenza il 26/02/2027. Non è riportata alcuna detenzione indiretta.

Le operazioni rappresentano circa lo 0,05% delle 97 milioni di azioni ordinarie in circolazione di Globe Life, una dimensione che difficilmente influenzerà la flottante o la dinamica di governance. Il modulo Form 4 non fa riferimento a un piano di trading 10b5-1, suggerendo una tempistica discrezionale. Non sono presenti dati fondamentali, di utili o divulgazioni strategiche in questo deposito; pertanto, l’importanza materiale per gli azionisti è considerata bassa, anche se alcuni investitori potrebbero interpretare vendite ricorrenti da parte dei dirigenti come un indicatore di sentiment.

Globe Life Inc. (GL) – Transacción interna Formulario 4. El Vicepresidente Ejecutivo y Director de Estrategia Michael C. Majors ejerció 10,000 opciones sobre acciones para empleados a un precio de ejercicio de $100.74 el 01/08/2025, vendiendo inmediatamente 9,991 acciones en dos operaciones de mercado abierto a un precio promedio ponderado por volumen de $137.41 (rango de precio $136.79-$137.78). También se vendieron 9 acciones de valor insignificante a $137.79.

Tras las transacciones, la posesión directa de acciones comunes de Majors se mantiene en 47,066, sin cambios respecto al saldo inicial, lo que implica que la venta financió en gran medida el ejercicio de opciones y obligaciones fiscales/costos. Continúa teniendo 27,000 opciones sobre acciones para empleados con vencimiento el 26/02/2027. No se reporta propiedad indirecta.

Las operaciones representan aproximadamente el 0.05% de las 97 millones de acciones básicas en circulación de Globe Life, un volumen que probablemente no afecte la flotación ni la dinámica de gobernanza. El Formulario 4 no menciona ningún plan de negociación 10b5-1, lo que sugiere un momento discrecional. No se incluyen datos fundamentales de la empresa, resultados o divulgaciones estratégicas en esta presentación; por lo tanto, la relevancia material para los accionistas se considera baja, aunque algunos inversores podrían ver las ventas recurrentes de ejecutivos como un dato de sentimiento.

Globe Life Inc. (GL) – Form 4 내부자 거래 보고. EVP 겸 최고전략책임자 Michael C. Majors가 2025년 8월 1일에 10,000주 직원 스톡옵션을 행사가격 $100.74에 행사하고, 즉시 두 차례의 공개시장 거래에서 9,991주를 거래량 가중 평균가격 $137.41 (가격 범위 $136.79-$137.78)에 매도했습니다. 또한 미미한 수량인 9주를 $137.79에 매도했습니다.

거래 후 Majors의 직접 보유 보통주는 47,066주로 변동이 없습니다. 이는 매도 대금이 주로 옵션 행사 및 세금/비용 부담을 충당했음을 시사합니다. 그는 만료일이 2027년 2월 26일인 27,000주 직원 스톡옵션을 계속 보유하고 있습니다. 간접 보유는 보고되지 않았습니다.

이번 거래는 Globe Life의 9,700만 기본 주식 중 약 0.05%에 해당하며, 유동 주식 수나 지배구조에 영향을 미칠 가능성은 낮습니다. Form 4에는 10b5-1 거래 계획 언급이 없어 임의 시점에 거래한 것으로 보입니다. 회사의 기본 재무정보, 실적 데이터, 전략적 공시는 없으므로, 이 보고서가 주주에게 미치는 중요성은 낮은 편으로 평가됩니다. 다만 일부 투자자는 경영진의 반복 매도를 시장 심리 지표로 볼 수도 있습니다.

Globe Life Inc. (GL) – Transaction d’initié Formulaire 4. Le Vice-Président Exécutif et Directeur de la Stratégie Michael C. Majors a exercé 10 000 options d’achat d’actions pour employés au prix d’exercice de 100,74 $ le 01/08/2025, vendant immédiatement 9 991 actions lors de deux transactions sur le marché ouvert à un prix moyen pondéré par volume de 137,41 $ (fourchette de prix de 136,79 $ à 137,78 $). Neuf actions supplémentaires, insignifiantes, ont également été vendues à 137,79 $.

Après ces transactions, la détention directe d’actions ordinaires de Majors reste inchangée à 47 066 actions, ce qui suggère que la vente a principalement financé l’exercice des options ainsi que les obligations fiscales et coûts associés. Il détient toujours 27 000 options d’achat d’actions pour employés expirant le 26/02/2027. Aucune détention indirecte n’est signalée.

Ces transactions représentent environ 0,05 % des 97 millions d’actions ordinaires en circulation de Globe Life, une taille peu susceptible d’affecter le flottant ou la dynamique de gouvernance. Le formulaire 4 ne mentionne aucun plan de négociation 10b5-1, ce qui suggère un calendrier discrétionnaire. Aucun élément fondamental, résultat financier ou divulgation stratégique n’accompagne ce dépôt ; par conséquent, la signification matérielle pour les actionnaires est considérée comme faible, bien que certains investisseurs puissent voir dans ces ventes récurrentes de cadres un indicateur de sentiment.

Globe Life Inc. (GL) – Insider-Transaktion Form 4. EVP und Chief Strategy Officer Michael C. Majors übte am 01.08.2025 10.000 Mitarbeiter-Aktienoptionen zum Ausübungspreis von 100,74 $ aus und verkaufte unmittelbar 9.991 Aktien in zwei offenen Markttransaktionen zum volumengewichteten Durchschnittspreis von 137,41 $ (Preisspanne 136,79–137,78 $). Zudem wurden 9 Aktien zu 137,79 $ verkauft.

Nach den Transaktionen verbleibt Majors’ direkter Aktienbesitz unverändert bei 47.066 Stammaktien, was darauf hindeutet, dass der Verkauf hauptsächlich die Ausübung der Optionen sowie Steuer- und Kostenverpflichtungen finanzierte. Er hält weiterhin 27.000 Mitarbeiter-Aktienoptionen mit Ablaufdatum 26.02.2027. Indirekter Besitz wird nicht gemeldet.

Die Transaktionen entsprechen etwa 0,05 % der 97 Mio. ausstehenden Stammaktien von Globe Life, eine Größenordnung, die die Streuung oder Governance-Dynamik kaum beeinflussen dürfte. Das Form 4 verweist nicht auf einen 10b5-1 Handelsplan, was auf diskretionäres Timing schließen lässt. Es werden keine Unternehmenskennzahlen, Gewinnzahlen oder strategische Offenlegungen mitgeteilt; daher wird die materielle Bedeutung für Aktionäre als gering eingeschätzt, auch wenn einige Investoren wiederkehrende Verkäufe von Führungskräften als Stimmungshinweis betrachten könnten.

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

How many Globe Life (GL) shares did EVP Michael C. Majors sell on 08/01/2025?

9,991 shares were sold in two trades, plus an additional 9 shares, for a total of 10,000 shares disposed.

At what price were the Globe Life shares sold?

The weighted average sale price was $137.41 per share, with a range of $136.79–$137.78.

Did the executive’s share ownership in GL change after the transactions?

No. Majors’ direct holdings stayed at 47,066 shares; the sale offset the 10,000-share option exercise.

What is the exercise price and expiry of the options exercised?

Options were exercised at $100.74 and expire on 02/26/2027.

Is this Form 4 likely to impact Globe Life’s stock price?

Given the small size (<0.05 % of shares) and neutral net share change, the market impact is expected to be minimal.
Globe Life Inc

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11.33B
82.00M
0.6%
85.56%
1.6%
Insurance - Life
Life Insurance
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United States
MCKINNEY