Globe Life CAO cashes $0.12M gain in Form 4 filing

Rhea-AI Filing Summary

Globe Life Inc. (GL) – Form 4, filed 31-Jul-2025

Senior Vice-President & Chief Accounting Officer Michael Shane Henrie reported an option exercise and related sale on 29-Jul-2025:

• Option exercise (Code M): 3,250 shares at a $103.23 strike (grant dated 23-Feb-2025, expiry 23-Feb-2029).
• Open-market sale (Code S): 3,250 shares sold at a volume-weighted average price of $139.7526 (individual prices $139.67–$139.90).

Net effect on ownership

• Direct common stock declined from 6,290 to 3,040 shares (-3,250 shares).
• Indirect holdings remain 152.182 shares in the 401(k) plan.
• No remaining derivative securities from the exercised grant.

The transaction generated a spread of $36.52 per share between exercise price and sale price, indicating a gross pre-tax gain of roughly $0.12 million. Henrie continues to hold approximately 3.2 k direct shares plus 152 plan shares.

Positive

• Timely, fully-disclosed filing under Rule 10b5-1, reducing potential insider-trading risk.

Negative

• Net sale of 3,250 shares reduces the officer’s direct stake by about 52%, a potential negative sentiment indicator for GL.

Insights

Equity Analyst

TL;DR – Insider reduced direct stake by 52%, monetising $455k; signal mildly negative.

Henrie’s sale eliminates all shares acquired via the same-day option exercise, cutting his direct position to 3,040 shares. While exercising in-the-money options is routine approaching option expiry, the immediate full sale suggests limited desire to increase long-term exposure at current valuations. The $36.5 spread implies a healthy gain, but investors may read the 52% reduction in direct holdings as a cautionary sentiment indicator. Insignificant to Globe Life’s fundamentals, yet insider selling can weigh on sentiment in the short term.

Corporate Governance Specialist

TL;DR – Routine Rule 10b5-1 sale; governance risk low, share-price signal modestly negative.

The filing discloses use of a Rule 10b5-1 plan, mitigating governance concerns over timing. Transaction size (<0.01% of outstanding shares) is immaterial to capital structure. However, leadership sales, even pre-planned, often coincide with muted forward return profiles. No red flags on compliance; form filed timely and includes price-range disclosure. Overall impact classified as sentiment-driven rather than fundamental.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HENRIE MICHAEL SHANE

(Last) (First) (Middle)

GLOBE LIFE INC.

3700 SOUTH STONEBRIDGE DRIVE

(Street)

MCKINNEY TX 75070

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBE LIFE INC. [ GL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/29/2025		M		3,250	A	$103.23	6,290	D
Common Stock	07/29/2025		S		3,250	D	$139.7526(1)(2)	3,040	D
Common Stock								152.182	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$103.23	07/29/2025		M			3,250	02/23/2025	02/23/2029	Common Stock	2,750	$0	0	D

Explanation of Responses:

1. 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.

2. Sales at prices ranging from $139.67 per share to $139.90 per share.

	Michael Shane Henrie, By: /s/ Chris T. Moore, Attorney-in-fact	07/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Globe Life (GL) shares did the insider sell?

Michael Shane Henrie sold 3,250 shares on 29-Jul-2025 at an average price of $139.7526.

Did the insider exercise stock options?

Yes. He exercised options for 3,250 shares at a strike price of $103.23 and then sold the same amount.

What is the insider’s remaining direct ownership in GL?

After the transactions, Henrie holds 3,040 shares directly and 152.182 shares indirectly via a 401(k) plan.

Was the sale executed under a Rule 10b5-1 plan?

The form’s checkbox indicates the transaction was made pursuant to a Rule 10b5-1(c) trading plan.

How large is the transaction relative to Globe Life’s share count?

The 3,250-share sale represents less than 0.01% of GL’s 97 million outstanding shares (based on latest Form 10-Q).