Globe Life officer sells 2,150 shares after exercise
GLOBE LIFE INC. senior vice president and chief accounting officer Michael Shane reported an option exercise and related share sales.
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 reported an option exercise and related share sales. He exercised employee stock options to acquire 2,150 shares of common stock at $128.40 per share, then sold 2,150 shares in open-market trades at prices generally around the mid‑$150s. After these transactions, he holds 3,954.0833 shares directly and 159.7010 shares indirectly through a 401(k) plan.
Insider Trade Summary
Exercise and Sale: 2,150 shares ($58K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
HENRIE MICHAEL SHANE
Role
SVP & Chief Accounting Officer
Sold
2,150 shs ($334K)
Approx. gross sale proceeds
$334K
Approx. exercise cost
$276K
Approx. pre-tax spread
$58K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 2,150 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,150 | $128.40 | $276K |
| Sale | Common Stock | 1,645 | $155.006 | $255K |
| Sale | Common Stock | 505 | $155.7848 | $79K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 2,150 contracts (Direct);
Common Stock — 3,449.0833 shares (Direct);
Common Stock — 159.701 shares (Indirect, 401(k) Plan)
Footnotes (4)
- 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 $154.44 per share to $155.35 per share.
- F3. Sales at prices ranging from $155.47 per share to $156.245 per share.
- F4. First exercisable as to 50% of shares 02-28-2026 and as to the remaining 50% of shares 02-28-2027.
Key Figures
Shares sold (total): 2,150 shares
Sale block 1: 505 shares at $155.7848/share
Sale block 2: 1,645 shares at $155.0060/share
+5 more
8 metrics
Shares sold (total)
2,150 shares
Common stock sales on May 6, 2026
Sale block 1
505 shares at $155.7848/share
Open-market sale of common stock
Sale block 2
1,645 shares at $155.0060/share
Open-market sale of common stock
Options exercised
2,150 shares at $128.40/share
Employee Stock Option exercise
Direct holdings after
3,954.0833 shares
Direct common stock ownership post-transaction
Indirect 401(k) holdings
159.7010 shares
Common stock held via 401(k) Plan
Option expiration
February 28, 2031
Expiration date of the reported stock option
Net share change
2,150 shares net sold
Net of sales versus exercises in transaction summary
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, 401(k) Plan, +1 more
5 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.
exercise or conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Globe Life (GL) executive Michael Shane report?
Michael Shane reported exercising employee stock options for 2,150 Globe Life shares at $128.40 each and selling 2,150 common shares in open-market transactions at prices in the mid‑$150s per share on May 6, 2026.
What stock options did Michael Shane exercise in this Globe Life (GL) filing?
He exercised an Employee Stock Option covering 2,150 shares of Globe Life common stock at a conversion or exercise price of $128.40 per share, turning the option position into actual common shares before selling an equal number of shares.
Were Michael Shane’s Globe Life (GL) transactions open-market trades?
Yes. The Form 4 labels both stock sales with transaction code “S” and describes them as open-market or private sales, with detailed price ranges for each group of trades disclosed in the filing’s footnotes.
Does Michael Shane still hold the exercised Globe Life (GL) stock option?
The filing shows an Employee Stock Option for 2,150 shares with a $128.40 exercise price and a derivative exercise of the same amount, and no remaining derivative position in the summary, indicating that this particular option grant was fully exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates