Globe Life director sells shares after option exercise
GLOBE LIFE INC. director Cheryl Alston exercised stock options and sold shares of common stock.
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Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. director Cheryl Alston exercised stock options and sold shares of common stock. On June 25, 2026, she exercised options for 14,017 shares of common stock at a conversion price of $105.56 per share, increasing her direct holdings. That same day she completed open-market sales totaling 8,258 shares at prices around $177–$181 per share. After these transactions, she directly held 16,621.037 shares of Globe Life common stock. A footnote states this amount includes 26.086 shares acquired through the company’s dividend reinvestment plan since the prior report.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Alston Cheryl
Role
Director
Sold
8,258 shs ($1.48M)
Approx. gross sale proceeds
$1.48M
Approx. exercise cost
$1.48M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) | 14,017 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,017 | $105.56 | $1.48M |
| Sale | Common Stock | 2,750 | $177.5608 | $488K |
| Sale | Common Stock | 1,010 | $178.7097 | $180K |
| Sale | Common Stock | 1,934 | $180.126 | $348K |
| Sale | Common Stock | 2,564 | $180.57 | $463K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 16,621.037 shares (Direct);
Common Stock — 0 shares (Indirect, Not Applicable)
Footnotes (6)
- F1. Includes 26.086 shares acquired through the Company's dividend reinvestment plan 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 $177.32 per share to $177.955 per share.
- F4. Sales at prices ranging from $178.355 per share to $179.195 per share.
- F5. Sales at prices ranging from $179.45 per share to $180.415 per share.
- F6. Sales at prices ranging from $180.445 per share to $181.20 per share.
Key Figures
Shares sold: 8,258 shares
Sale prices: $177.32–$181.20 per share
Options exercised: 14,017 shares
+3 more
6 metrics
Shares sold
8,258 shares
Open-market sales of common stock on June 25, 2026
Sale prices
$177.32–$181.20 per share
Price ranges from footnotes for June 25, 2026 sales
Options exercised
14,017 shares
Director stock option exercise into common stock
Option exercise price
$105.56 per share
Conversion or exercise price of director stock option
Post-transaction holdings
24,879.037 shares
Common stock directly owned after transactions
Dividend reinvestment shares
26.086 shares
Accumulated via dividend reinvestment plan since last report
Key Terms
open-market sale, derivative security, Director Stock Option (Right to Buy), dividend reinvestment plan
4 terms
open-market sale financial
"transaction_action: "open-market sale" for several common stock dispositions"
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.
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.
Director Stock Option (Right to Buy) financial
"security_title: "Director Stock Option (Right to Buy)""
dividend reinvestment plan financial
"Includes 26.086 shares acquired through the Company's dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Globe Life (GL) director Cheryl Alston report in this Form 4?
Cheryl Alston reported exercising stock options and selling Globe Life common shares. She exercised options for 14,017 shares, then sold 8,258 shares in open-market transactions, and ended with 24,879.037 shares directly owned, including dividend reinvestment plan shares.
What stock options did Cheryl Alston exercise in Globe Life (GL)?
She exercised director stock options covering 14,017 Globe Life common shares. These options had a conversion or exercise price of $105.56 per share and were originally exercisable beginning January 2, 2023, with an expiration date of January 2, 2027, as reflected in the derivative transaction entry.
Were Cheryl Alston’s Globe Life (GL) transactions open-market sales?
Yes. The Form 4 identifies the four dispositions as open-market sales of Globe Life common stock. Each sale is coded with transaction code “S,” described as a sale in the open market or a private transaction, with specified per-share prices on June 25, 2026.
What does the dividend reinvestment plan note mean for Cheryl Alston’s GL holdings?
A footnote states her reported ownership includes 26.086 shares from Globe Life’s dividend reinvestment plan. This means some of her stake has grown automatically as cash dividends were reinvested into additional common shares since her previous ownership report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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