Principal Financial (PFG) executive exercises 35,680 options and disposes matching shares

Rhea-AI Filing Summary

Principal Financial Group Inc. officer Amy Christine Friedrich, President & Benefits & Protect, reported multiple equity transactions on 2026-08-07. She exercised three Employee Stock Options to acquire an aggregate of 35,680 shares of common stock at an exercise price of $63.98 per share. On the same date, 35,680 common shares were disposed of at a weighted average price of $113.80 per share in multiple trades within a $113.00–$114.60 range, executed pursuant to a Rule 10b5-1 trading plan adopted on 05/08/2026.

Insider Trade Summary 10b5-1

35,680 shares exercised/converted

Exercise 5 txns

Insider Friedrich Amy Christine

Role President - Benefits & Protect

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	11,893	$63.98	$761K
Exercise	Employee Stock Option (Right to Buy)	11,893	$63.98	$761K
Exercise	Employee Stock Option (Right to Buy)	11,894	$63.98	$761K
Grant/Award	Common Stock	35,680	$63.98	$2.28M
Disposition	Common Stock F1, F2	35,680	$113.80	$4.06M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 108,863 shares (Direct)

Footnotes (2)

1. F1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/8/2026.
2. F2. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $113 to $114.60. The reporting person undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Key Figures

Options exercised: 35,680 shares Exercise price: $63.98 per share Shares disposed: 35,680 shares +4 more

7 metrics

Options exercised 35,680 shares Total underlying common stock from three Employee Stock Option exercises on 2026-08-07

Exercise price $63.98 per share Conversion or exercise price for all three Employee Stock Option exercises

Shares disposed 35,680 shares Common stock disposed of on 2026-08-07 in non-derivative transaction

Weighted average sale price $113.80 per share Weighted average price for 35,680 common shares sold in multiple trades

Sale price range $113.00–$114.60 per share Price range of multiple transactions for the 35,680 common shares disposed

10b5-1 plan adoption date 05/08/2026 Date the Rule 10b5-1 trading plan governing the reported sales was adopted

Option expiration 02/26/2028 Expiration date for the reported Employee Stock Option grants

Key Terms

Rule 10b5-1 trading plan, weighted average price, Employee Stock Option (Right to Buy)

3 terms

Rule 10b5-1 trading plan regulatory

"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Employee Stock Option (Right to Buy) financial

"security_title: Employee Stock Option (Right to Buy)"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 03:52 PM Accepted by SEC EDGAR 08/11/2026 - 03:52 PM Learn about SEC filing dates

FAQ

What insider transactions did PFG executive Amy Christine Friedrich report on August 7, 2026?

Amy Christine Friedrich reported three option exercises for a total of 35,680 shares at $63.98 per share and a matching disposition of 35,680 common shares at a weighted average price of $113.80 per share.

At what prices did the PFG insider option exercises and share sales occur?

The options were exercised at an exercise price of $63.98 per share. The related disposition of 35,680 common shares occurred at a weighted average price of $113.80 per share, with trades ranging from $113.00 to $114.60.

Were Amy Christine Friedrich’s August 7, 2026 PFG share sales under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Amy Christine Friedrich on 05/08/2026, indicating the transactions followed a pre-arranged trading program.

How many PFG shares did Amy Christine Friedrich acquire through option exercises?

She exercised Employee Stock Options covering an aggregate of 35,680 underlying common shares at an exercise price of $63.98 per share, in three separate option exercise transactions all dated 2026-08-07.

What do the Form 4 footnotes say about the PFG insider’s sale pricing?

The footnotes explain the reported $113.80 is a weighted average price. The 35,680 shares were sold in multiple transactions at prices between $113.00 and $114.60, and detailed breakdowns are available on request.

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).

X

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^*

Friedrich Amy Christine

(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)
	President - Benefits & Protect

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

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	08/07/2026		A		35,680	A	$63.98	144,543	D
Common Stock	08/07/2026		D		35,680	D	$113.8(1)(2)	108,863	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
Employee Stock Option (Right to Buy)	$63.98	08/07/2026		M			11,893	02/26/2019	02/26/2028	Common Stock	11,893	$63.98	0	D
Employee Stock Option (Right to Buy)	$63.98	08/07/2026		M			11,893	02/26/2020	02/26/2028	Common Stock	11,893	$63.98	0	D
Employee Stock Option (Right to Buy)	$63.98	08/07/2026		M			11,894	02/26/2021	02/26/2028	Common Stock	11,894	$63.98	0	D

Explanation of Responses:

1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/8/2026.

2. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $113 to $114.60. The reporting person undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	Chris Agbe-Davies as Attorney-in-Fact	08/11/2026
	** 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)