PFG risk chief granted 73 shares in equity award

Principal Financial Group EVP and Chief Risk Officer Kenneth A. McCullum received an equity grant tied to company stock.

Rhea-AI Filing Summary

Principal Financial Group EVP and Chief Risk Officer Kenneth A. McCullum received an equity grant tied to company stock. On the reported date, he was awarded 73 shares of Common Stock at a stated price of $0.0000 per share, described in a footnote as a grant of restricted stock units. Following this grant, his directly held position increased to 41,070 shares, which includes 30 shares previously acquired through the Principal Financial Group, Inc. Employee Stock Purchase Plan. This filing reflects a routine compensation-related award rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 73 shares

Grant/Award 1 txn

Insider McCullum Kenneth A.

Role EVP - Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	73	$0.00	$0.00

Holdings After Transaction: Common Stock — 41,070 shares (Direct)

Footnotes (2)

1. F1. Grant of restricted stock units.
2. F2. Includes 30 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.

Key Figures

Shares granted: 73 shares Grant price per share: $0.0000 per share Total shares after grant: 41,070 shares +1 more

4 metrics

Shares granted 73 shares Grant or award acquisition of Common Stock

Grant price per share $0.0000 per share Stated transaction price for awarded shares

Total shares after grant 41,070 shares Directly held Common Stock following transaction

ESPP shares included 30 shares Acquired via Employee Stock Purchase Plan and included in total

Key Terms

restricted stock units, Employee Stock Purchase Plan, Form 4

3 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.

Employee Stock Purchase Plan financial

"Includes 30 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Form 4 financial

"What do the footnotes in Kenneth A. McCullum’s PFG Form 4 explain?"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PFG executive Kenneth A. McCullum report?

Kenneth A. McCullum reported receiving an equity grant of 73 shares of Principal Financial Group Common Stock. The award is classified as a grant or other acquisition and is described in a footnote as a grant of restricted stock units, reflecting routine compensation.

How many PFG shares does Kenneth A. McCullum hold after this grant?

After the reported grant, Kenneth A. McCullum directly holds 41,070 shares of Principal Financial Group Common Stock. This total includes 30 shares that were acquired through the Principal Financial Group, Inc. Employee Stock Purchase Plan, as disclosed in the filing footnotes.

Was the PFG insider transaction a market purchase or sale?

The transaction was not an open-market purchase or sale. It is coded as an acquisition under a grant or award, with 73 shares received at a stated price of $0.0000 per share, and is further described as a grant of restricted stock units in the footnotes.

What do the footnotes in Kenneth A. McCullum’s PFG Form 4 explain?

The footnotes state that the transaction is a grant of restricted stock units and clarify that McCullum’s total includes 30 shares acquired through the Principal Financial Group, Inc. Employee Stock Purchase Plan, providing detail on the nature and source of part of his holdings.

What role does Kenneth A. McCullum hold at Principal Financial Group (PFG)?

Kenneth A. McCullum serves as Executive Vice President and Chief Risk Officer at Principal Financial Group. His position is identified in the filing, confirming he is an officer but not a director or ten percent owner for purposes of this Form 4 disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/30/2026 - 01:35 PM Learn about SEC filing dates

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^*

McCullum Kenneth A.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

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	06/26/2026		A		73	A	$0(1)	41,070(2)	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.

2. Includes 30 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.

	Chris Agbe-Davies as Attorney-in-Fact	06/30/2026
	** 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)