Globe Life (NYSE: GL) CFO exercises 25,650 options and sells equal shares
Rhea-AI Filing Summary
Globe Life EVP & CFO Thomas Peter Kalmbach reported option-related transactions dated 2026-07-28. He exercised employee stock options covering 25,650 shares of common stock at strike prices of $120.49 and $128.40, acquired the underlying shares, and then sold 25,650 shares in multiple open-market or private transactions at prices ranging from $177.31 to $179.52 per share. He also reports indirect ownership of 1,158.515 shares through a 401(k) plan. The Rule 10b5-1 trading-plan checkbox is unchecked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 25,650 shares ($1.40M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Kalmbach Thomas Peter
Role
EVP & CFO
Sold
25,650 shs ($4.58M)
Approx. gross sale proceeds
$4.58M
Approx. exercise cost
$3.18M
Approx. pre-tax spread
$1.40M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 14,100 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F6 | 11,550 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 14,100 | $120.49 | $1.70M |
| Exercise | Common Stock | 11,550 | $128.40 | $1.48M |
| Sale | Common Stock F2, F3 | 9,550 | $178.0559 | $1.70M |
| Sale | Common Stock F2, F4 | 12,303 | $178.7275 | $2.20M |
| Sale | Common Stock F2, F5 | 3,797 | $179.4168 | $681K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 22,550 shares (Direct);
Common Stock — 50,567.7765 shares (Direct);
Common Stock — 1,158.515 shares (Indirect, 401(k) Plan)
Footnotes (6)
- F1. Includes 72.07 additional shares acquired through the Company's dividend reinvestment plan in 2025 and 2026.
- F2. 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.
- F3. Sales at prices ranging from $177.31 per share to $178.295 per share.
- F4. Sales at prices ranging from $178.30 per share to $179.27 per share.
- F5. Sales at prices ranging from $179.33 per share to $179.52 per share.
- F6. First exercisable as to 50% of shares 2-28-2026 and as to the remaining 50% of shares 2-28-2027.
Key Figures
Options Exercised: 25,650 shares
Exercise Prices: $120.49 and $128.40 per share
Shares Sold: 25,650 shares
+3 more
6 metrics
Options Exercised
25,650 shares
Employee stock options exercised on 2026-07-28 covering 14,100 and 11,550 shares
Exercise Prices
$120.49 and $128.40 per share
Strike prices for employee stock options converted into common stock
Shares Sold
25,650 shares
Common shares sold on 2026-07-28 in open-market or private transactions
Sale Price Range
$177.31–$179.52 per share
Price ranges for reported Globe Life common stock sales
Indirect 401(k) Holdings
1,158.515 shares
Indirect ownership through a 401(k) plan after the reported transactions
Dividend Reinvestment Shares
72.07 shares
Additional shares acquired through the dividend reinvestment plan in 2025 and 2026
Key Terms
Employee Stock Option (Right to Buy), dividend reinvestment plan, 401(k) Plan, derivative security
4 terms
Employee Stock Option (Right to Buy) financial
"Security title listed as Employee Stock Option (Right to Buy)."
dividend reinvestment plan financial
"Additional shares acquired through the Company's dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
401(k) Plan financial
"Indirect ownership noted with nature of ownership as 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.
derivative security financial
"Transaction code described as 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Globe Life (GL) EVP & CFO Thomas Peter Kalmbach report on 2026-07-28?
Kalmbach reported that he exercised employee stock options covering 25,650 shares, acquired the same number of Globe Life common shares, and then sold 25,650 shares in multiple open-market or private transactions at prices between $177.31 and $179.52 per share.
What stock options did Globe Life (GL) CFO Thomas Peter Kalmbach exercise?
He exercised employee stock options for 14,100 shares at an exercise price of $120.49 per share, expiring 2030-02-22, and for 11,550 shares at $128.40 per share, expiring 2031-02-28, converting these options into Globe Life common stock on 2026-07-28.
Were Thomas Peter Kalmbach’s Globe Life (GL) trades made under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is unchecked, and no footnote mentions a trading plan. The disclosure therefore does not state that these option exercises or stock sales were executed pursuant to a pre-arranged Rule 10b5-1 trading arrangement.