Globe Life (NYSE: GL) EVP sells shares after exercising stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Globe Life Inc. executive Michael Clay Majors, EVP and Chief Strategy Officer, reported stock option exercises and share sales dated February 6, 2026. He exercised employee stock options for 27,000 shares at $100.74 per share and 3,000 shares at $98.32 per share, receiving common stock.
On the same date he sold several blocks of common stock, including 11,581, 13,510, 3,488 and 1,421 shares at weighted average prices of about $146.04, $147.18, $147.92 and $148.63 per share, with detailed price ranges disclosed in the footnotes. After these transactions he directly owned 47,066 Globe Life shares and reported 0 shares held indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($4,406,824)
Net Sell
9 txns
Insider
MAJORS MICHAEL CLAY
Role
EVP - Chief Strategy Officer
Sold
30,000 shs ($4.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 27,000 | $100.74 | $2.72M |
| Exercise | Common Stock | 3,000 | $98.32 | $295K |
| Sale | Common Stock | 11,581 | $146.0422 | $1.69M |
| Sale | Common Stock | 13,510 | $147.1781 | $1.99M |
| Sale | Common Stock | 3,488 | $147.9173 | $516K |
| Sale | Common Stock | 1,421 | $148.6257 | $211K |
| holding | Common Stock | -- | -- | -- |
| Exercise | Employee Stock Option (Right to Buy) | 27,000 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 3,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 74,066 shares (Direct);
Common Stock — 0 shares (Indirect, N/A);
Employee Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (1)
- Sales at prices ranging from $145.605 per share to $146.42 per share. 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 $146.62 per share to $147.475 per share. Sales at prices ranging from $147.55 per share to $148.465 per share. Sales at prices ranging from $148.48 per share to $148.79 per share.
FAQ
What insider transactions did GL executive Michael Clay Majors report?
Michael Clay Majors reported exercising employee stock options and selling Globe Life common stock. He exercised 27,000 options at $100.74 and 3,000 at $98.32, then sold multiple share blocks the same day at prices around $146–$149 per share.
What stock options did the Globe Life (GL) EVP exercise on February 6, 2026?
On February 6, 2026, the EVP exercised two employee stock option grants. One covered 27,000 shares at an exercise price of $100.74 per share, and the other covered 3,000 shares at an exercise price of $98.32 per share, both converting into common stock.
At what prices did the Globe Life (GL) executive sell common stock?
The executive sold shares at several weighted average prices: about $146.0422, $147.1781, $147.9173 and $148.6257 per share. Footnotes explain these represent ranges, from $145.605 up to $148.79 per share, with exact breakdowns available upon request.
What is Michael Clay Majors’ role at Globe Life (GL) in this Form 4 filing?
In this Form 4, Michael Clay Majors is identified as an officer of Globe Life Inc. His title is “EVP - Chief Strategy Officer,” and he is not marked as a director or 10% owner. The filing is made by one reporting person in that capacity.
Does the Globe Life (GL) Form 4 show any indirect holdings for the executive?
The Form 4 includes a line for indirect ownership that lists 0 shares and notes “N/A” as the nature of indirect beneficial ownership. This indicates no indirect Globe Life common stock holdings were reported for the executive in this particular filing.