Globe Life (GL) EVP gets stock option grants and settles tax with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBE LIFE INC. executive Robert Brian Mitchell, EVP, General Counsel and CRO, reported multiple equity awards and a related tax share disposition. He received an employee stock option grant for 12,600 shares at $0.0000 per share, first exercisable as to 50% of the shares on 02-27-2028 and the remaining 50% on 02-27-2029. He was also granted 9,394 shares of common stock and an additional 1,216 shares of common stock. To cover tax obligations, 3,697 common shares were disposed of at $144.1500 per share through a tax-withholding transaction. Following these transactions, he continues to hold common stock directly and also has indirect holdings through the Mitchell Family Trust, a Son's Trust, and a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
MITCHELL ROBERT BRIAN
Role
EVP, General Counsel and CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 12,600 | $0.00 | -- |
| Grant/Award | Common Stock | 1,216 | $0.00 | -- |
| Grant/Award | Common Stock | 9,394 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,697 | $144.15 | $533K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 12,600 shares (Direct);
Common Stock — 14,477.827 shares (Direct);
Common Stock — 39,042.329 shares (Indirect, Mitchell Family Trust)
Footnotes (1)
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FAQ
What did Globe Life (GL) executive Robert Brian Mitchell report on this Form 4?
Robert Brian Mitchell reported several equity-related transactions, including stock option and common share grants plus a tax-withholding share disposition. These activities reflect routine executive compensation and related tax settlement rather than open-market buying or selling of Globe Life common stock.
How many stock options were granted to the Globe Life (GL) executive?
Mitchell was granted 12,600 employee stock options with a stated exercise price of $0.0000 per share. The options vest in two equal parts, becoming first exercisable on February 27, 2028, and the remaining 50% on February 27, 2029, subject to continued service conditions.
What common stock awards did Robert Brian Mitchell receive from Globe Life (GL)?
He received two separate grants of Globe Life common stock: one for 9,394 shares and another for 1,216 shares. These awards increased his direct ownership stake in the company as part of his overall executive compensation package disclosed in this Form 4 filing.
When do Robert Brian Mitchell’s Globe Life (GL) stock options become exercisable?
The 12,600 stock options become exercisable in two stages. Half of the options vest and are first exercisable on February 27, 2028, and the remaining half become exercisable on February 27, 2029, according to the footnote accompanying the grant.
What indirect Globe Life (GL) holdings are associated with Robert Brian Mitchell?
In addition to his direct holdings, Mitchell has indirect ownership of Globe Life common stock through three entities: the Mitchell Family Trust, a Son’s Trust, and a 401(k) Plan. These are reported as indirect interests, separate from his directly held shares.