Globe Life (NYSE: GL) CEO uses 1,327 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. reported that Co-Chairman & CEO Frank M. Svoboda had a tax-withholding disposition of 1,327 shares of common stock on February 22, 2026 at $144.3900 per share, coded as a payment of tax liability by delivering securities. After this transaction, he held 34,571.4648 shares directly, which include 30.4648 dividend equivalent restricted stock units tied to prior awards. He also reported indirect holdings of 108,473.0000 shares through a Family Trust, 26,425.0000 shares through a Spouse's Irrevocable Trust, and 1,951.1300 shares through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
SVOBODA FRANK M
Role
Co-Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,327 | $144.39 | $192K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,571.465 shares (Direct);
Common Stock — 108,473 shares (Indirect, Family Trust)
Footnotes (1)
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FAQ
What insider transaction did Globe Life (GL) disclose for Frank M. Svoboda?
Globe Life disclosed that Co-Chairman & CEO Frank M. Svoboda disposed of 1,327 common shares on February 22, 2026. The Form 4 classifies this as a tax-withholding disposition, meaning shares were delivered to cover tax obligations tied to equity compensation.
What does the Form 4 tax-withholding disposition code mean for Globe Life (GL)?
The transaction is coded "F", described as payment of exercise price or tax liability by delivering securities. This indicates the 1,327 shares were used to satisfy tax obligations on equity compensation, not as a regular open-market share sale.
Do dividend equivalent restricted stock units affect Frank M. Svoboda’s direct Globe Life (GL) holdings?
Yes. A footnote explains that his direct holdings include 30.4648 dividend equivalent restricted stock units. These units were acquired on restricted stock units in 2025 and 2026, modestly increasing the total number of shares reported as directly held.