Principal Financial director receives stock grant

Muruzabal Claudio reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Muruzabal Claudio reported acquisition or exercise transactions in this Form 4 filing.

Principal Financial Group Inc director Claudio Muruzabal received an equity-based compensation award in the form of 124 shares of Common Stock on March 27, 2026, reported as a grant of restricted stock units. Following this award, he directly owns 11,327 shares, indicating a relatively small, routine increase in his holdings.

Insights

Equity compensation analyst

Director received a small routine equity grant, modestly increasing his holdings.

Director Claudio Muruzabal was granted 124 restricted stock units representing Common Stock of Principal Financial Group Inc on March 27, 2026. The award carries a reported price of $0.0000 per share, consistent with stock-based compensation rather than a market purchase.

After this grant, Muruzabal holds 11,327 shares directly, so the award represents a minor addition to his position. As a non‑market transaction classified as a grant or award, it mainly reflects ongoing director compensation practices rather than a directional bet on the stock.

Insider Trade Summary

Grant/Award: 124 shares

Grant/Award 1 txn

Insider Muruzabal Claudio

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	124	$0.00	$0.00

Holdings After Transaction: Common Stock — 11,327 shares (Direct)

Footnotes (1)

1. F1. Grant of restricted stock units.

Key Figures

Shares granted: 124 shares Holding after transaction: 11,327 shares Grant price per share: $0.0000 per share

3 metrics

Shares granted 124 shares Grant of restricted stock units on March 27, 2026

Holding after transaction 11,327 shares Common Stock directly owned after grant

Grant price per share $0.0000 per share Reported value for the awarded shares

Key Terms

restricted stock units, Common Stock, Grant, award, or other acquisition

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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What did Principal Financial Group (PFG) director Claudio Muruzabal report in this Form 4?

Director Claudio Muruzabal reported receiving an equity grant of 124 shares of Common Stock, described as a grant of restricted stock units. This was a compensation award, not an open‑market purchase or sale, and modestly increased his direct ownership stake.

How many Principal Financial Group (PFG) shares did Claudio Muruzabal receive in this grant?

He received 124 shares of Common Stock tied to a grant of restricted stock units. The transaction price was reported as $0.0000 per share, consistent with a stock-based compensation award rather than a cash purchase, and slightly increased his overall holdings.

What are Claudio Muruzabal’s Principal Financial Group (PFG) holdings after the reported transaction?

Following the March 27, 2026 grant, Claudio Muruzabal directly owns 11,327 shares of Principal Financial Group Common Stock. The 124-share award represents a relatively small addition to this position, indicating a routine adjustment from director compensation.

Was the Principal Financial Group (PFG) Form 4 a buy or a grant for Claudio Muruzabal?

The Form 4 shows a grant rather than a market buy. The transaction is coded as an acquisition due to a grant, award, or other acquisition, with 124 restricted stock units awarded at a reported price of $0.0000 per share as compensation.

Does this Principal Financial Group (PFG) Form 4 indicate any stock sales by Claudio Muruzabal?

No stock sales are reported in this Form 4. The filing shows only an acquisition via a grant of 124 restricted stock units, increasing his direct holdings to 11,327 shares, with no dispositions or open‑market sales disclosed in the provided data.

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

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Accepted by SEC EDGAR 03/31/2026 - 04:17 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^*

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)
03/27/2026

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	03/27/2026		A		124	A	$0(1)	11,327	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	03/31/2026
	** 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)