Principal Financial (NYSE: PFG) director receives 2,175-share equity grant

Rhea-AI Filing Summary

PRINCIPAL FINANCIAL GROUP INC director Claudio Muruzabal reported an equity compensation grant from the company. He acquired 2,175 shares of common stock through a grant or award, recorded at a price of $0.00 per share. Following this grant, his directly owned holdings increased to 13,502 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Muruzabal Claudio

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,175	$0.00	--

Holdings After Transaction: Common Stock — 13,502 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 2,175 shares Grant price: $0.00 per share Holdings after transaction: 13,502 shares +2 more

5 metrics

Shares granted 2,175 shares Grant or award of common stock on May 19, 2026

Grant price $0.00 per share Reported transaction price for the equity grant

Holdings after transaction 13,502 shares Total common stock directly owned following the grant

Transaction code Code A Grant, award, or other acquisition of non-derivative securities

Transaction direction Acquire Net effect of the reported Form 4 transaction

Key Terms

restricted stock units, Form 4, equity compensation, transaction code A

4 terms

restricted stock units financial

"Grant of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 4 regulatory

"The Form 4 uses code A for acquisition and notes a price"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

equity compensation financial

"indicating compensation-related restricted stock units instead of a cash purchase"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

transaction code A regulatory

"The Form 4 uses code A for acquisition and notes a price"

Form 4 Insider Transactions: What Each Field Means →

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^*

Muruzabal Claudio

(Last) (First) (Middle)

711 HIGH STREET

(Street)

DES MOINES IOWA 50392

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PRINCIPAL FINANCIAL GROUP INC [ PFG ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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	05/19/2026		A		2,175	A	$0(1)	13,502	D

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

Explanation of Responses:

1. Grant of restricted stock units.

	Chris Agbe-Davies as Attorney-in-Fact	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PFG director Claudio Muruzabal report?

Claudio Muruzabal reported an acquisition of 2,175 shares of Principal Financial Group common stock. The filing shows this was a grant or award, recorded at $0.00 per share, reflecting stock-based compensation rather than an open-market purchase or sale.

Was the PFG insider transaction a grant or an open-market trade?

The transaction was a grant or award, not an open-market trade. The Form 4 uses code A for acquisition and notes a price of $0.00 per share, indicating compensation-related restricted stock units instead of a cash purchase on the open market.

How many PFG shares does Claudio Muruzabal hold after the grant?

After receiving the equity grant, Claudio Muruzabal directly owns 13,502 shares of Principal Financial Group common stock. This post-transaction figure includes the 2,175 shares acquired through the reported grant, as shown in the total shares following the transaction field.

What does the footnote in the PFG Form 4 filing indicate?

The footnote states that the transaction is a grant of restricted stock units. This clarifies that the 2,175 acquired shares represent stock-based compensation awarded to the director, rather than a conventional market purchase or other type of derivative exercise or conversion.

Does the PFG Form 4 show any insider sales by Claudio Muruzabal?

The filing does not show any insider sales by Claudio Muruzabal. It reports a single acquisition transaction coded as a grant or award, with 2,175 shares added and total direct holdings increasing to 13,502 shares of Principal Financial Group common stock.