Globe Life (GL) CFO exercises 21,000 options shares and sells 21,000
Rhea-AI Filing Summary
Globe Life Inc. EVP & CFO Thomas Peter Kalmbach exercised employee stock options for 21,000 shares of common stock on July 30, 2026, at exercise prices of $103.23 and $120.49 per share, then sold 21,000 shares in transactions described as open market or private sales at prices ranging from $178.64 to $181.98 per share. After these trades, 1,158.515 shares were reported as held indirectly through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 21,000 shares ($1.42M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Kalmbach Thomas Peter
Role
EVP & CFO
Sold
21,000 shs ($3.78M)
Approx. gross sale proceeds
$3.78M
Approx. exercise cost
$2.36M
Approx. pre-tax spread
$1.42M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 11,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $103.23 | $1.03M |
| Exercise | Common Stock | 11,000 | $120.49 | $1.33M |
| Sale | Common Stock F1, F2 | 10,720 | $179.2972 | $1.92M |
| Sale | Common Stock F1, F3 | 4,840 | $180.078 | $872K |
| Sale | Common Stock F1, F4 | 2,650 | $181.2284 | $480K |
| Sale | Common Stock F1, F5 | 2,790 | $181.8149 | $507K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 50,567.7765 shares (Direct);
Common Stock — 1,158.515 shares (Indirect, 401(k) Plan)
Footnotes (5)
- 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 $178.64 per share to $179.55 per share.
- F3. Sales at prices ranging from $179.61 per share to $180.40 per share.
- F4. Sales at prices ranging from $180.61 per share to $181.55 per share.
- F5. Sales at prices ranging from $181.64 per share to $181.98 per share.
Key Figures
Shares acquired via option exercise: 21,000 shares of Common Stock
Option exercise prices: $103.23 and $120.49 per share
Shares sold: 21,000 shares of Common Stock
+3 more
6 metrics
Shares acquired via option exercise
21,000 shares of Common Stock
Exercised employee stock options into common shares on July 30, 2026
Option exercise prices
$103.23 and $120.49 per share
Exercise prices for Employee Stock Options converted into Globe Life common stock
Shares sold
21,000 shares of Common Stock
Total shares sold in transactions described as open market or private on July 30, 2026
Sale price range
$178.64 to $181.98 per share
Price ranges for reported July 30, 2026 share sales, per transaction footnotes
Largest single sale block
10,720 shares of Common Stock
Sold at a reported price of $179.2972 per share in one transaction on July 30, 2026
Indirect holdings after transactions
1,158.515 shares of Common Stock
Reported as held indirectly through a 401(k) Plan as of July 30, 2026
Key Terms
Employee Stock Option (Right to Buy), derivative security, 401(k) Plan, open market or private transaction
4 terms
Employee Stock Option (Right to Buy) financial
"Security titled "Employee Stock Option (Right to Buy)" was exercised."
derivative security financial
"Transaction code M is described as exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
401(k) Plan financial
"1,158.515 shares were reported as held indirectly through a 401(k) Plan."
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.
open market or private transaction financial
"Sale transactions are described as "Sale in open market or private transaction"."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Globe Life (GL) report for its CFO?
Globe Life reported that EVP & CFO Thomas Peter Kalmbach exercised employee stock options to acquire 21,000 common shares and, on the same date, sold 21,000 shares in transactions described as open market or private sales. These trades were disclosed as part of routine insider ownership reporting.
What indirect Globe Life (GL) holdings does the CFO report after these trades?
After the reported transactions, 1,158.515 shares of Globe Life common stock were reported as held indirectly for the CFO through a 401(k) Plan. This figure appears as the post-transaction balance for indirect ownership and does not include any other potential holdings.
Were the Globe Life (GL) CFO’s trades made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox on the insider report is not marked as affirming a trading plan. The disclosure does not state that these July 30, 2026 transactions were executed pursuant to a Rule 10b5-1 trading arrangement or other pre-set trading plan.