GLOBE LIFE (GL) CEO Svoboda reports 10,000-share stock gifts via trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. Co-Chairman & CEO Frank M. Svoboda reported indirect transfers of common stock as bona fide gifts. On March 11, entities described as a Family Trust and an Irrevocable Trust each gifted 5,000 shares of common stock, for a total of 10,000 shares, with no sale price involved.
After these gifts, Svoboda’s reported holdings include 54,020.4648 common shares held directly, plus additional indirect positions through a Family Trust, a spouse’s irrevocable trust, an irrevocable trust and a 401(k) plan. These are non-market gift dispositions rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares gifted
Mixed
5 txns
Insider
SVOBODA FRANK M
Role
Co-Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 103,473 shares (Indirect, Family Trust);
Common Stock — 54,020.465 shares (Direct)
Footnotes (1)
FAQ
What insider transactions did GL Co-Chairman & CEO Frank Svoboda report?
Frank Svoboda reported indirect transfers of GLOBE LIFE INC. common stock as bona fide gifts. A Family Trust and an Irrevocable Trust each gifted 5,000 shares, totaling 10,000 shares, with no sale proceeds, on March 11.
Were the recent GL insider transactions open-market sales or gifts?
The reported GL insider transactions were bona fide gifts, not open-market sales. Two indirect holdings, a Family Trust and an Irrevocable Trust, each transferred 5,000 common shares at a stated price of zero per share.
Does the GL Form 4 show any insider buying or selling in the market?
The GL Form 4 does not show open-market buying or selling. It reports two bona fide gifts totaling 10,000 common shares and updates of direct and indirect holdings, with no transactions coded as market purchases or sales.