Globe Life (GL) EVP Michael Clay Majors exercises options, sells 37,000 shares of stock
Rhea-AI Filing Summary
GLOBE LIFE INC. executive Michael Clay Majors, EVP and Chief Strategy Officer, exercised employee stock options for 37,000 shares of common stock on 2026-07-29 at an exercise price of $103.23 per share and immediately received 37,000 shares. On the same date, he sold 33,500 shares at a reported price of $178.5613 per share, with footnotes stating actual sale prices ranged from $178.115 to $179.04 per share, and sold an additional 3,500 shares at a reported price of $179.3490 per share within a range of $179.05 to $179.665 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 37,000 shares ($2.79M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
MAJORS MICHAEL CLAY
Role
EVP - Chief Strategy Officer
Sold
37,000 shs ($6.61M)
Approx. gross sale proceeds
$6.61M
Approx. exercise cost
$3.82M
Approx. pre-tax spread
$2.79M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 37,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 37,000 | $103.23 | $3.82M |
| Sale | Common Stock F1, F2 | 33,500 | $178.5613 | $5.98M |
| Sale | Common Stock F1, F3 | 3,500 | $179.349 | $628K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 53,518.447 shares (Direct);
Common Stock — 0 shares (Indirect, N/A)
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 $178.115 per share to $179.04 per share.
- F3. Sales at prices ranging from $179.05 per share to $179.665 per share.
Key Figures
Options exercised: 37,000 shares
Exercise price: $103.23 per share
Shares sold (block 1): 33,500 shares
+4 more
7 metrics
Options exercised
37,000 shares
Employee Stock Option (Right to Buy) exercised on 2026-07-29
Exercise price
$103.23 per share
Exercise price of Employee Stock Options for 37,000 shares
Shares sold (block 1)
33,500 shares
Common stock sold on 2026-07-29 in open-market or private transactions
Reported sale price (block 1)
$178.5613 per share
Price reported for 33,500-share sale; footnote range $178.115–$179.04
Shares sold (block 2)
3,500 shares
Additional common stock sold on 2026-07-29
Reported sale price (block 2)
$179.3490 per share
Price reported for 3,500-share sale; footnote range $179.05–$179.665
Option expiration
2029-02-23
Expiration date of exercised Employee Stock Options
Key Terms
Employee Stock Option (Right to Buy), derivative security, open market or private transaction, indirect
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: 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.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
indirect financial
"ownership_type: indirect; nature_of_ownership: N/A"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Globe Life (GL) executive Michael Clay Majors report in this Form 4?
Michael Clay Majors reported exercising employee stock options for 37,000 shares of Globe Life common stock at an exercise price of $103.23 per share and selling those shares in open-market transactions on 2026-07-29.
What stock options did Michael Clay Majors exercise in Globe Life (GL)?
He exercised 37,000 Employee Stock Options (Right to Buy) for Globe Life common stock at an exercise price of $103.23 per share. These options had an original exercise date of 2025-02-23 and an expiration date of 2029-02-23.
Were Michael Clay Majors’ Globe Life (GL) trades under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as a 10b5-1 plan transaction. There is no accompanying footnote stating that the reported option exercise and related stock sales occurred under a pre-arranged trading plan.
What is the overall direction of Michael Clay Majors’ Globe Life (GL) insider activity?
The reported activity shows an exercise-and-sale sequence: options covering 37,000 shares were exercised, and an equal number of common shares were sold in open-market transactions, resulting in a net-selling effect for the reported non-derivative shares.