GLOBE LIFE INC. Insider Trading Activity
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Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. Co-Chairman & CEO Frank M. Svoboda reported an exercise-and-sell pattern in company stock. He exercised options to acquire a total of 15,000 shares of common stock at an exercise price of $100.74 per share, then sold 15,000 shares in open-market transactions at prices around $153–$154 per share.
After these transactions, he holds 54,020.4648 shares of common stock directly. He also has indirect holdings through retirement and trust accounts, including shares held in a 401(k) Plan, a spouse's irrevocable trust, an irrevocable trust, and a Family Trust.
Insider Trade Summary
Exercise and Sale: 15,000 shares ($793K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
SVOBODA FRANK M
Role
Co-Chairman & CEO
Sold
15,000 shs ($2.30M)
Approx. gross sale proceeds
$2.30M
Approx. exercise cost
$1.51M
Approx. pre-tax spread
$793K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 12,854 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,854 | $100.74 | $1.29M |
| Sale | Common Stock | 11,759 | $153.5601 | $1.81M |
| Sale | Common Stock | 1,095 | $154.072 | $169K |
| Exercise | Employee Stock Option (Right to Buy) | 2,146 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,146 | $100.74 | $216K |
| Sale | Common Stock | 2,146 | $153.4821 | $329K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 40,000 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 (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 $153.015 per share to $153.845 per share.
- F3. Sales at prices ranging from $153.00 per share to $153.995 per share.
- F4. Sales at prices ranging from $154.025 per share to $154.085 per share.
Key Figures
Shares sold: 15,000 shares
Sale prices: $153.4821, $153.5601, $154.072 per share
Options exercised: 15,000 shares
+4 more
7 metrics
Shares sold
15,000 shares
Open-market sales of common stock on May 4–5, 2026
Sale prices
$153.4821, $153.5601, $154.072 per share
Reported average prices for common stock sales
Options exercised
15,000 shares
Employee stock options exercised into common stock
Option exercise price
$100.74 per share
Conversion or exercise price, expiring February 26, 2027
Direct holdings after transactions
54,020.4648 shares
Common stock directly owned after May 2026 transactions
Family Trust holdings
103,473 shares
Indirect ownership via Family Trust
Spouse's irrevocable trust holdings
26,425 shares
Indirect ownership via spouse's irrevocable trust
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative exercise/conversion, 401(k) Plan, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock dispositions"
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)" for derivative entries"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" describing option exercises"
401(k) Plan financial
"nature_of_ownership: "401(k) Plan" for indirect holdings"
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.
Family Trust financial
"nature_of_ownership: "Family Trust" indicating trust-held shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Globe Life (GL) CEO Frank M. Svoboda report in this Form 4?
Frank M. Svoboda reported exercising options for 15,000 Globe Life shares and selling 15,000 shares in open-market trades. The filing details exercise prices, sale prices, and updated direct and indirect ownership positions in the company’s common stock.
How many Globe Life (GL) options did the CEO exercise and at what strike price?
He exercised employee stock options covering 15,000 Globe Life shares. The options had a conversion or exercise price of $100.74 per share and an expiration date of February 26, 2027, converting the derivative position into additional common stock.
What are Frank M. Svoboda’s direct Globe Life (GL) holdings after these transactions?
Following the reported option exercises and sales, Frank M. Svoboda directly holds 54,020.4648 Globe Life common shares. This figure reflects his remaining direct ownership after both acquiring shares through option exercises and disposing of shares in open-market sales.
What indirect Globe Life (GL) holdings are disclosed for the CEO in this Form 4?
The filing lists indirect Globe Life holdings through several vehicles: a 401(k) Plan with 1,955.294 shares, a spouse's irrevocable trust with 26,425 shares, an irrevocable trust with 5,000 shares, and a Family Trust with 103,473 shares of common stock.
Were the Globe Life (GL) CEO’s sales part of a price range according to footnotes?
Yes. Footnotes state that sales occurred at prices ranging from $153.015 to $153.845 per share and from $153.00 to $153.995 per share, as well as from $154.025 to $154.085 per share, with full breakdowns available upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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