Globe Life CEO sells 4,663 shares after option exercise
Globe Life Inc. Co-Chairman & CEO James Matthew Darden reported an option exercise and related share sale in company stock.
Rhea-AI Filing Summary
Globe Life Inc. Co-Chairman & CEO James Matthew Darden reported an option exercise and related share sale in company stock. On April 28, 2026, he exercised 4,663 Employee Stock Options at $100.74 per share and acquired the same number of common shares.
The same day, he executed an open-market sale of 4,663 common shares at an average price of about $153.88 per share, with sale prices ranging from $153.635 to $154.24. Following these transactions, he holds 58,451.4598 common shares directly and 4,185.5150 common shares indirectly through a 401(k) plan. He also retains 22,019 stock options after the exercise.
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Insider Trade Summary
Exercise and Sale: 4,663 shares ($248K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Darden James Matthew
Role
Co-Chairman & CEO
Sold
4,663 shs ($718K)
Approx. gross sale proceeds
$718K
Approx. exercise cost
$470K
Approx. pre-tax spread
$248K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 4,663 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,663 | $100.74 | $470K |
| Sale | Common Stock | 4,663 | $153.8773 | $718K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 22,019 contracts (Direct);
Common Stock — 58,451.4598 shares (Direct);
Common Stock — 4,185.515 shares (Indirect, 401(k) Plan)
Footnotes (2)
- 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 $153.635 per share to $154.24 per share.
Key Figures
Shares sold: 4,663 shares
Sale price per share: $153.8773 per share
Options exercised: 4,663 options
+4 more
7 metrics
Shares sold
4,663 shares
Open-market sale of common stock on April 28, 2026
Sale price per share
$153.8773 per share
Average price for 4,663 shares sold; range $153.635–$154.24
Options exercised
4,663 options
Employee Stock Options exercised at $100.74 on April 28, 2026
Option exercise price
$100.74 per share
Conversion price for Employee Stock Option grant
Direct common shares after
58,451.4598 shares
Direct ownership following the reported transactions
Indirect common shares after
4,185.5150 shares
Indirect ownership via 401(k) Plan after transactions
Remaining stock options
22,019 options
Employee Stock Options outstanding after the 4,663-option exercise
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, 401(k) Plan
4 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)"
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.
401(k) Plan financial
"Indirect ownership reported 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) CEO report on April 28, 2026?
Globe Life CEO James Matthew Darden exercised 4,663 stock options at $100.74 and sold 4,663 common shares in an open-market transaction at an average price near $153.88, according to the Form 4 filing.
What stock options did the Globe Life (GL) CEO exercise in this Form 4?
James Matthew Darden exercised 4,663 Employee Stock Options with a conversion price of $100.74 per share. These options were originally exercisable beginning February 26, 2023, and were scheduled to expire on February 26, 2027, based on the Form 4 details.
Does the Globe Life (GL) CEO still hold stock options after this Form 4?
Yes. Following the option exercise of 4,663 shares, the Form 4 shows the CEO with 22,019 Employee Stock Options remaining. These options relate to rights to buy Globe Life common stock at the stated exercise price of $100.74 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
