GLOBE LIFE CEO reports 10,000-share stock gifts
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
Gift
5 txns
Insider
SVOBODA FRANK M
Role
Co-Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,000 | $0.00 | $0.00 |
| Gift | Common Stock | 5,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 103,473 shares (Indirect, Family Trust);
Common Stock — 5,000 shares (Indirect, Irrevocable Trust);
Common Stock — 54,020.4648 shares (Direct);
Common Stock — 26,425 shares (Indirect, Spouse's Irrevocable Trust);
Common Stock — 1,951.13 shares (Indirect, 401(k) Plan)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
