Globe Life CEO sells 22,019 shares after exercising options
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Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. Co-Chairman & CEO James Matthew Darden reported option exercises and share sales in Globe Life common stock. On May 5, 2026, he exercised employee stock options to acquire 22,019 shares at an exercise price of $100.74 per share.
That same day, he executed open-market sales totaling 22,019 shares, including 9,114 shares at an average price of $154.2904 and 12,905 shares at an average price of $153.5323. Following these transactions, he holds 67,565.4598 shares directly and 4,194.479 shares indirectly through a 401(k) plan.
Insider Trade Summary
Exercise and Sale: 22,019 shares ($1.17M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Darden James Matthew
Role
Co-Chairman & CEO
Sold
22,019 shs ($3.39M)
Approx. gross sale proceeds
$3.39M
Approx. exercise cost
$2.22M
Approx. pre-tax spread
$1.17M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 22,019 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,019 | $100.74 | $2.22M |
| Sale | Common Stock | 12,905 | $153.5323 | $1.98M |
| Sale | Common Stock | 9,114 | $154.2904 | $1.41M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 58,451.4598 shares (Direct);
Common Stock — 4,194.479 shares (Indirect, 401(k) Plan)
Footnotes (3)
- 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 $153.00 per share to $153.95 per share.
- F3. Sales at prices ranging from $154.00 per share to $154.64 per share.
Key Figures
Options exercised: 22,019 shares
Exercise price: $100.74/share
Shares sold total: 22,019 shares
+5 more
8 metrics
Options exercised
22,019 shares
Employee stock options exercised on May 5, 2026
Exercise price
$100.74/share
Exercise or conversion price for 22,019 options
Shares sold total
22,019 shares
Open-market sales of common stock on May 5, 2026
Sale price tranche 1
$154.2904/share
Average price for 9,114 shares sold
Sale price tranche 2
$153.5323/share
Average price for 12,905 shares sold
Direct holdings after
67,565.4598 shares
Common stock directly owned after transactions
Indirect 401(k) holdings
4,194.479 shares
Common stock held via 401(k) plan
Options position after exercise
0.0000 derivative shares
Employee Stock Option balance post-exercise
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, 401(k) Plan
4 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of 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
"nature_of_ownership": "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GL CEO James Matthew Darden report?
James Matthew Darden exercised employee stock options for 22,019 Globe Life shares at an exercise price of $100.74 per share, then sold an equal number of common shares in open-market transactions on May 5, 2026.
What option exercise did the GL CEO report in this filing?
He reported exercising 22,019 employee stock options for Globe Life common stock at an exercise price of $100.74 per share, converting those options into the same number of common shares before selling them in the market.
Were the Globe Life CEO’s sales in this Form 4 open-market transactions?
Yes. The Form 4 labels both sales as open-market or private transactions with transaction code S, and discloses price ranges between $153.00–$153.95 and $154.00–$154.64 per share for the executed trades.
Does the GL Form 4 show any remaining stock options after the exercise?
The filing shows the exercised Employee Stock Option position reduced to 0.0000 derivative shares after exercising 22,019 options, and the derivative summary section contains no additional remaining option positions in this excerpt.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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