Globe Life SVP exercises options, sells shares
GLOBE LIFE INC. senior vice president and chief accounting officer Michael Shane Henrie exercised employee stock options and sold common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. senior vice president and chief accounting officer Michael Shane Henrie exercised employee stock options and sold common shares. He exercised options for 3,065 shares of common stock at a conversion price of $120.49 per share, fully eliminating this option position.
On the same date, he completed open-market sales totaling 3,591 shares of common stock at prices around $154.35–$154.89 per share. After these transactions, he directly holds 3,449.0833 common shares and indirectly holds 158.2240 common shares through a 401(k) plan.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
HENRIE MICHAEL SHANE
Role
SVP & Chief Accounting Officer
Sold
3,591 shs ($555K)
Approx. gross sale proceeds
$555K
Approx. exercise cost
$369K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 3,065 | $0.00 | $0.00 |
| Sale | Common Stock | 526 | $154.3501 | $81K |
| Exercise | Common Stock | 3,065 | $120.49 | $369K |
| Sale | Common Stock | 3,065 | $154.6428 | $474K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 3,449.0833 shares (Direct);
Common Stock — 158.224 shares (Indirect, 401(k) Plan)
Footnotes (2)
- F1. 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.
- F2. Sales at prices ranging from $154.32 per share to $154.8875 per share.
Key Figures
Shares sold: 3,591 shares
Option shares exercised: 3,065 shares
Option conversion price: $120.49 per share
+4 more
7 metrics
Shares sold
3,591 shares
Common stock sold in open-market or private transactions on 2026-04-24
Option shares exercised
3,065 shares
Employee stock option (right to buy) exercised on 2026-04-24
Option conversion price
$120.49 per share
Conversion or exercise price for 3,065 option shares
Sale price range
$154.32–$154.8875 per share
Price range for reported common stock sales
Direct holdings after transaction
3,449.0833 shares
Common stock directly owned after transactions
Indirect 401(k) holdings
158.2240 shares
Common stock held through a 401(k) plan
Exercised option balance
0.0000 options
Employee stock options remaining after 3,065-share exercise
Key Terms
Employee Stock Option (Right to Buy), open-market sale, derivative exercise/conversion, 401(k) Plan, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
open-market sale financial
"transaction_action: "open-market sale" for common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the option"
401(k) Plan financial
"nature_of_ownership: "401(k) Plan" for indirect holdings"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GL executive Michael Shane Henrie report?
Michael Shane Henrie reported exercising employee stock options for 3,065 Globe Life common shares at $120.49 and selling 3,591 shares in open-market transactions. Following these moves, he directly holds 3,449.0833 common shares and indirectly holds 158.2240 shares in a 401(k) plan.
What stock options did the Globe Life (GL) insider exercise?
He exercised employee stock options covering 3,065 Globe Life common shares at a conversion price of $120.49 per share. After this derivative exercise, the filing shows zero remaining shares under that option grant, indicating this particular option position was fully used.
What are Michael Shane Henrie’s Globe Life (GL) holdings after these transactions?
After the reported transactions, he directly holds 3,449.0833 Globe Life common shares. In addition, he indirectly owns 158.2240 common shares through a 401(k) plan, as disclosed in the filing’s ownership section, reflecting both direct and retirement-plan holdings.
Were the Globe Life (GL) insider sales part of open-market transactions?
Yes. The filing describes the 3,591 Globe Life shares sold by the insider as open-market or private transactions. Footnotes add that sales occurred between $154.32 and $154.8875 per share, with full price-by-trade details available upon request from authorized parties.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates