Principal exec granted 88 restricted stock units

Principal Financial Group executive Kenneth A. McCullum, EVP and Chief Risk Officer, received a grant of 88 shares of Common Stock as a restricted stock unit award on March 27, 2026.

Accepted by SEC EDGAR 03/31/2026 - 04:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Principal Financial Group executive Kenneth A. McCullum, EVP and Chief Risk Officer, received a grant of 88 shares of Common Stock as a restricted stock unit award on March 27, 2026. The award was granted at no cash cost per share.

After this grant, McCullum directly holds a total of 40,996 Common Stock shares, which includes 29 shares acquired through the Principal Financial Group, Inc. Employee Stock Purchase Plan.

Insider Trade Summary

Grant/Award: 88 shares

Grant/Award 1 txn

Insider McCullum Kenneth A.

Role EVP - Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	88	$0.00	$0.00

Holdings After Transaction: Common Stock — 40,996 shares (Direct)

Holdings Before and After: Common Stock, 40,908 to 40,996 shares (Direct)

Footnotes (2)

1. F1. Grant of restricted stock units.
2. F2. Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.

Key Figures

Restricted stock unit grant: 88 shares Grant price: $0.00 per share Shares held after transaction: 40,996 shares +1 more

4 metrics

Restricted stock unit grant 88 shares Common Stock award granted on March 27, 2026

Grant price $0.00 per share Restricted stock unit grant to executive

Shares held after transaction 40,996 shares Direct Common Stock ownership following the grant

ESPP shares included 29 shares Acquired under Principal Financial Group, Inc. Employee Stock Purchase Plan

Key Terms

restricted stock units, Employee Stock Purchase Plan, Common Stock, grant, award, or other acquisition

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.

Employee Stock Purchase Plan financial

"Includes 29 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.

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 insider equity award did PFG executive Kenneth McCullum receive?

Kenneth A. McCullum, EVP and Chief Risk Officer at PFG, received a grant of 88 Common Stock shares as restricted stock units. The award carried a grant price of $0.00 per share, reflecting a compensation-related equity grant rather than an open-market purchase.

How many Principal Financial Group (PFG) shares does Kenneth McCullum now hold?

Following the equity grant, Kenneth A. McCullum directly holds 40,996 shares of Principal Financial Group Common Stock. This total includes shares received from compensation-related awards and 29 shares acquired through participation in the company’s Employee Stock Purchase Plan.

Was Kenneth McCullum’s recent share transaction in PFG stock a market purchase or a grant?

The transaction was a grant of 88 restricted stock units in PFG Common Stock, not an open-market purchase. It is classified as a grant, award, or other acquisition, and is part of McCullum’s compensation as an executive officer.

What does the footnote about restricted stock units mean in Kenneth McCullum’s PFG filing?

The footnote states the transaction represents a grant of restricted stock units. This means McCullum received 88 share-based awards that typically vest over time, aligning executive compensation with company performance rather than reflecting a direct cash investment in the stock.

How were additional shares of PFG stock acquired under the Employee Stock Purchase Plan?

A filing footnote explains that McCullum’s holdings include 29 Common Stock shares acquired through the Principal Financial Group, Inc. Employee Stock Purchase Plan. This plan allows eligible employees to buy company shares, usually via payroll deductions under a structured purchase program.

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

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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)
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		88	A	$0(1)	40,996(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 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.

	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)