Globe Life (NYSE: GL) CEO exercises 50,000 options and sells stock
Rhea-AI Filing Summary
GLOBE LIFE INC. reports that Co-Chairman & CEO James Matthew Darden exercised employee stock options for 50,000 shares of common stock at $98.32 per share on July 31, 2026, then sold 49,600 shares at an average $182.4253 and 400 shares at $183.3575. He also reports 4,202.03 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 50,000 shares ($4.21M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Darden James Matthew
Role
Co-Chairman & CEO
Sold
50,000 shs ($9.12M)
Approx. gross sale proceeds
$9.12M
Approx. exercise cost
$4.92M
Approx. pre-tax spread
$4.21M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $98.32 | $4.92M |
| Sale | Common Stock F1, F2 | 49,600 | $182.4253 | $9.05M |
| Sale | Common Stock F1, F3 | 400 | $183.3575 | $73K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 58,451.4598 shares (Direct);
Common Stock — 4,202.03 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 $182.00 per share to $182.895 per share.
- F3. Sales at prices ranging from $183.15 per share to $183.565 per share.
Key Figures
Options exercised: 50,000 shares
Exercise price: $98.32 per share
Shares sold (block 1): 49,600 shares
+4 more
7 metrics
Options exercised
50,000 shares
Employee Stock Option (Right to Buy) exercised at $98.32 per share on 2026-07-31
Exercise price
$98.32 per share
Conversion or exercise price of Employee Stock Option expiring 2028-02-24
Shares sold (block 1)
49,600 shares
Common Stock sold at average $182.4253 per share on 2026-07-31
Price range (block 1)
$182.00–$182.895 per share
Footnote-qualified sale prices for 49,600-share transaction
Shares sold (block 2)
400 shares
Common Stock sold at average $183.3575 per share on 2026-07-31
Price range (block 2)
$183.15–$183.565 per share
Footnote-qualified sale prices for 400-share transaction
Indirect holdings
4,202.03 shares
Common Stock held indirectly through a 401(k) Plan after transactions
Key Terms
Employee Stock Option (Right to Buy), Exercise or conversion of derivative security, Common Stock, 401(k) Plan
4 terms
Employee Stock Option (Right to Buy) financial
"He exercised an <b>Employee Stock Option (Right to Buy)</b> for 50,000 shares of common stock."
Exercise or conversion of derivative security financial
"The Form 4 lists the option transaction as an <b>Exercise or conversion of derivative security</b>."
Common Stock financial
"The exercised options converted into <b>Common Stock</b> that was then sold in the market."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
401(k) Plan financial
"He reports 4,202.03 shares of Common Stock held indirectly through a <b>401(k) Plan</b>."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Globe Life (GL) CEO James Matthew Darden report?
James Matthew Darden exercised 50,000 stock options for Globe Life common stock at $98.32 per share and then sold 50,000 shares of common stock in open-market transactions on July 31, 2026.
How many Globe Life (GL) stock options did the CEO exercise and at what price?
He exercised 50,000 Employee Stock Options for Globe Life common stock at an exercise price of $98.32 per share, with the options originally expiring on February 24, 2028.
Were the Globe Life (GL) CEO’s trades made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked for these transactions, and the footnotes do not state that they were executed under a 10b5-1 trading plan, indicating no plan status is affirmed here.