Globe Life CEO exercises options, sells 20,000 shares

Rhea-AI Filing Summary

GLOBE LIFE INC. Co-Chairman & CEO Frank M. Svoboda reported an option exercise and related stock sales of the company’s common stock. He exercised 20,000 shares through employee stock options at an exercise price of $100.74 per share and then sold 20,000 shares in open-market transactions at average prices of $156.65 and $157.05 per share.

Following these transactions, he directly holds 54,020.4648 shares of common stock. He also reports indirect holdings through a 401(k) plan, an irrevocable trust, a spouse’s irrevocable trust and a family trust, including 103,473 shares held in a family trust.

Insights

Insider transactions analyst

CEO exercised 20,000 options and sold 20,000 shares, retaining a sizable direct and trust-held position.

Frank M. Svoboda executed a classic exercise-and-sell pattern. He exercised 20,000 employee stock options at an exercise price of $100.74 per share, converting an option position into common stock. He then sold 20,000 shares in open-market transactions at average prices around $156–$157 per share.

After these trades, he continues to own 54,020.4648 shares directly, plus additional indirect holdings, including 103,473 shares in a family trust as of May 22, 2026. With no remaining options from this grant shown in the derivative summary, the filing presents a routine liquidity event rather than a change in long-term exposure.

Insider Trade Summary

Exercise and Sale: 20,000 shares ($1.12M approx. pre-tax spread)

Exercise and Sale 8 txns

Insider SVOBODA FRANK M

Role Co-Chairman & CEO

Sold 20,000 shs ($3.13M)

Approx. gross sale proceeds $3.13M

Approx. exercise cost $2.01M

Approx. pre-tax spread $1.12M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	20,000	$0.00	$0.00
Exercise	Common Stock	20,000	$100.74	$2.01M
Sale	Common Stock	18,410	$156.6471	$2.88M
Sale	Common Stock	1,590	$157.0531	$250K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 20,000 contracts (Direct); Common Stock — 54,020.4648 shares (Direct); Common Stock — 103,473 shares (Indirect, Family Trust); Common Stock — 5,000 shares (Indirect, Irrevocable Trust); Common Stock — 26,425 shares (Indirect, Spouse's Irrevocable Trust); Common Stock — 1,955.294 shares (Indirect, 401(k) Plan)

Footnotes (3)

1. 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.
2. F2. Sales at prices ranging from $156.00 per share to $156.98 per share.
3. F3. Sales at prices ranging from $156.99 per share to $157.17 per share.

Key Figures

Shares sold: 20,000 shares Average sale price block 1: $156.6471 per share Average sale price block 2: $157.0531 per share +5 more

8 metrics

Shares sold 20,000 shares Common stock sales on May 22, 2026

Average sale price block 1 $156.6471 per share 18,410 shares of common stock sold

Average sale price block 2 $157.0531 per share 1,590 shares of common stock sold

Options exercised 20,000 options Employee Stock Option (Right to Buy) exercise

Option exercise price $100.74 per share Exercise price for 20,000 options

Direct holdings after transactions 54,020.4648 shares Common stock directly owned after May 22, 2026

Family trust holdings 103,473 shares Common stock held in a family trust

401(k) plan holdings 1,955.294 shares Common stock held in 401(k) plan

Key Terms

open-market sale, Employee Stock Option (Right to Buy), derivative exercise/conversion, Family Trust, +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 exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Family Trust financial

"nature_of_ownership": "Family Trust""

Irrevocable Trust financial

"nature_of_ownership": "Irrevocable Trust""

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did GL executive Frank M. Svoboda report on May 22, 2026?

He reported exercising 20,000 employee stock options and selling 20,000 Globe Life (GL) common shares. The sales were open-market transactions at prices around $156–$157 per share, following the option exercise at a $100.74 strike price.

How many Globe Life (GL) shares did the CEO sell in this Form 4 filing?

Frank M. Svoboda sold a total of 20,000 Globe Life (GL) common shares. The filing shows 18,410 shares sold at an average price of $156.6471 and 1,590 shares sold at an average price of $157.0531 in open-market transactions.

What option exercise did the Globe Life (GL) CEO report in this Form 4?

He exercised 20,000 Employee Stock Option (Right to Buy) units linked to Globe Life (GL) common stock. The options carried a $100.74 per share exercise price and were originally exercisable beginning February 26, 2023, with an expiration date of February 26, 2027.

How many Globe Life (GL) shares does Frank M. Svoboda own directly after these transactions?

After the reported exercise and sales, Frank M. Svoboda directly holds 54,020.4648 Globe Life (GL) common shares. This figure reflects his position immediately following the May 22, 2026 transactions disclosed in the Form 4 filing.

What indirect Globe Life (GL) shareholdings does the CEO report in this Form 4?

He reports several indirect Globe Life (GL) holdings: 1,955.294 shares in a 401(k) plan, 26,425 shares in a spouse’s irrevocable trust, 5,000 shares in an irrevocable trust, and 103,473 shares held in a family trust, all as of May 22, 2026.

Were the CEO’s Globe Life (GL) stock sales part of open-market transactions?

Yes. The Form 4 classifies both stock sales as open-market or private transactions coded “S.” Footnotes state the 18,410-share block sold between $156.00 and $156.98 and the 1,590-share block between $156.99 and $157.17 per Globe Life (GL) share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 01:02 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SVOBODA FRANK M

(Last) (First) (Middle)

GLOBE LIFE INC.

7677 HENNEMAN WAY

(Street)

MCKINNEY TEXAS 75070

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GLOBE LIFE INC. [ GL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		20,000	A	$100.74	74,020.4648	D
Common Stock	05/22/2026		S		18,410	D	$156.6471(1)(2)	55,610.4648	D
Common Stock	05/22/2026		S		1,590	D	$157.0531(1)(3)	54,020.4648	D
Common Stock								103,473	I	Family Trust
Common Stock								5,000	I	Irrevocable Trust
Common Stock								26,425	I	Spouse's Irrevocable Trust
Common Stock								1,955.294	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$100.74	05/22/2026		M			20,000	02/26/2023	02/26/2027	Common Stock	20,000	$0	20,000	D

Explanation of Responses:

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.

2. Sales at prices ranging from $156.00 per share to $156.98 per share.

3. Sales at prices ranging from $156.99 per share to $157.17 per share.

	Frank M. Svoboda, By: /s/ Chris T. Moore, Attorney-in-fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)