Globe Life CFO sells shares after exercising options
Rhea-AI Filing Summary
GLOBE LIFE INC. Executive Vice President and CFO Thomas Peter Kalmbach reported a mix of option exercises and share sales in company stock. On May 8 and May 11, 2026, he exercised employee stock options covering 35,000 shares of common stock at an exercise price of $98.32 per share.
Across those same dates, he executed open-market sales totaling 27,427 shares of common stock at prices generally in the $151–$154 range, as detailed in the price-range footnotes. Following these transactions, he holds 45,334.7065 shares of Globe Life common stock directly and an additional 1,151.516 shares indirectly through a 401(k) plan. His direct holdings figure also reflects 7.6337 dividend equivalent restricted stock units accumulated since the prior report.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Kalmbach Thomas Peter
Role
EVP & CFO
Sold
27,427 shs ($4.20M)
Approx. gross sale proceeds
$4.20M
Approx. exercise cost
$3.44M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $98.32 | $1.97M |
| Sale | Common Stock | 13,876 | $153.5869 | $2.13M |
| Sale | Common Stock | 1,761 | $154.1567 | $271K |
| Exercise | Employee Stock Option (Right to Buy) | 15,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,000 | $98.32 | $1.47M |
| Sale | Common Stock | 11,349 | $152.0092 | $1.73M |
| Sale | Common Stock | 441 | $152.4098 | $67K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 45,334.7065 shares (Direct);
Common Stock — 1,151.516 shares (Indirect, 401(k) Plan)
Footnotes (6)
- F1. Includes 7.6337 dividend equivalent restricted stock units acquired since date of last report.
- 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 $151.38 per share to $152.35 per share.
- F4. Sales at prices ranging from $152.385 per share to $152.47 per share.
- F5. Sales at prices ranging from $153.04 per share to $154.02 per share.
- F6. Sales at prices ranging from $154.08 per share to $154.365 per share.
Key Figures
Shares sold: 27,427 shares
Sale prices: $151.38–$154.365 per share
Options exercised: 35,000 shares
+4 more
7 metrics
Shares sold
27,427 shares
Total Globe Life common shares sold in open-market transactions
Sale prices
$151.38–$154.365 per share
Price ranges disclosed for May 2026 open-market sales
Options exercised
35,000 shares
Employee stock options exercised into common stock
Option exercise price
$98.32 per share
Exercise price of employee stock options converted to common stock
Direct holdings after transactions
45,334.7065 shares
Direct Globe Life common stock owned post-transaction
Indirect 401(k) holdings
1,151.516 shares
Globe Life common stock held indirectly in a 401(k) plan
Dividend equivalent RSUs
7.6337 units
Dividend equivalent restricted stock units included in direct holdings
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, dividend equivalent restricted stock units, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
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
"Employee Stock Option (Right to Buy) with an exercise price of $98.3200"
derivative security financial
"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.
dividend equivalent restricted stock units financial
"Includes 7.6337 dividend equivalent restricted stock units acquired since date of last report."
401(k) Plan financial
"Common Stock held indirectly through a 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.
FAQ
What insider transactions did Globe Life (GL) CFO Thomas Kalmbach report?
Thomas Kalmbach reported exercising employee stock options and selling common shares. He exercised 35,000 options at $98.32 per share and sold 27,427 Globe Life shares in open-market trades at prices generally between about $151 and $154.
What option exercises did the Globe Life (GL) CFO complete?
He exercised employee stock options covering a total of 35,000 Globe Life common shares. The options had an exercise price of $98.32 per share and were exercised in two tranches on May 8 and May 11, 2026, converting derivative positions into common stock.
Were any restricted stock units mentioned in the Globe Life (GL) Form 4?
Yes. The filing notes that the reported direct holdings include 7.6337 dividend equivalent restricted stock units. These units were acquired since the date of the last report and are counted within the CFO’s reported direct common stock position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
