Globe Life (NYSE: GL) CEO sells 12,500 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. Co-Chairman & CEO Frank M. Svoboda reported exercising employee stock options for 12,500 shares on 2026-02-17, acquiring common stock at an exercise price of $82.5600 per share. This increased his directly held common stock before subsequent sales.
On the same date, he sold a total of 12,500 common shares in open-market transactions, in three blocks of 3,595, 6,451 and 2,454 shares at average prices of $143.9489, $144.9556 and $145.5165 per share, leaving 35,868 shares held directly. He also reports indirect ownership of 108,473 shares through a Family Trust, 26,425 shares through a Spouse's Irrevocable Trust, and 1,951.130 shares through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,500 shares ($1,809,702)
Net Sell
8 txns
Insider
SVOBODA FRANK M
Role
Co-Chairman & CEO
Sold
12,500 shs ($1.81M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 12,500 | $82.56 | $1.03M |
| Sale | Common Stock | 3,595 | $143.9489 | $517K |
| Sale | Common Stock | 6,451 | $144.9556 | $935K |
| Sale | Common Stock | 2,454 | $145.5165 | $357K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 48,368 shares (Direct);
Common Stock — 108,473 shares (Indirect, Family Trust)
Footnotes (1)
- 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. Sales at prices ranging from $143.485 per share to $144.395 per share. Sales at prices ranging from $144.40 per share to $145.395 per share. Sales at prices ranging from $145.40 per share to $145.895 per share.
FAQ
What did Globe Life (GL) CEO Frank M. Svoboda report in this Form 4?
Frank M. Svoboda reported exercising 12,500 employee stock options and selling 12,500 Globe Life common shares. The filing details the option exercise price, sale prices, and his remaining direct and indirect share holdings after these transactions.
Did the Globe Life (GL) CEO exercise stock options in this Form 4?
Yes. He exercised employee stock options for 12,500 Globe Life shares at an exercise price of $82.5600 per share. The exercise converted derivative securities into common stock before the reported open-market sales.
What indirect Globe Life (GL) holdings are reported for the CEO?
The filing shows indirect ownership of 108,473 Globe Life shares through a Family Trust, 26,425 shares through a Spouse's Irrevocable Trust, and 1,951.130 shares through a 401(k) Plan, in addition to his directly held shares.
Is this Globe Life (GL) Form 4 primarily a buy or sell event?
The Form 4 reflects both an option exercise and net share sales. The CEO acquired 12,500 shares via option exercise and then sold 12,500 shares in open-market transactions, resulting in a mixed transaction profile with a net-sell share count.