[Form 4] Primerica, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Barbara A. Yastine, a Primerica, Inc. (PRI) director, reported an acquisition on 09/15/2025 of 50.759 shares of common stock at an effective price of $274.23 per share. The filing shows she directly beneficially owns 19,096.5733 shares following the transaction. The form explains these shares arose from dividends on phantom stock that were automatically reinvested into additional phantom stock under the Non-Employee Directors' Deferred Compensation Plan; that phantom stock converts to common stock one-for-one under the plan. The Form 4 was signed by an attorney-in-fact on 09/16/2025 and was filed by one reporting person.

Positive

• Transparent disclosure of director share change via a Form 4 filing
• Shares arose from an established compensation plan (Non-Employee Directors' Deferred Compensation Plan) with one-for-one conversion

Negative

• None.

Insights

Securities Analyst

TL;DR: Small, routine acquisition from phantom-stock reinvestment; likely immaterial to PRI valuation.

The transaction represents an automated reinvestment of dividends into phantom stock that converts one-for-one into common shares. The 50.759-share increase at a reported price of $274.23 is small relative to total shares outstanding for a public company and follows a director compensation plan rather than an open-market purchase, indicating limited signaling about changes in insider conviction.

Corporate Governance Expert

TL;DR: Compliance filing documents director compensation mechanics and conversion; governance practices appear standard.

The disclosure identifies the Non-Employee Directors' Deferred Compensation Plan as the source of shares via phantom-stock dividend reinvestment and confirms conversion terms (one-for-one). The form is properly executed by an attorney-in-fact and filed as a single reporting person, suggesting routine administration of director compensation and SEC Section 16 compliance.

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
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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^*

Yastine Barbara A.

(Last) (First) (Middle)

1 PRIMERICA PARKWAY

(Street)

DULUTH GA 30099

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Primerica, Inc. [ PRI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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	09/15/2025		A		50.759(1)	A	$274.23	19,096.5733	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. Represents dividends paid on phantom stock that were reinvested automatically in additional shares of phantom stock in accordance with the terms of the Non-Employee Directors' Deferred Compensation Plan. Phantom stock is convertible into common stock on a one-for-one basis in accordance with the terms of such plan.

	/s/ Stacey K. Geer, attorney in fact	09/16/2025
	** 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.

FAQ

What transaction did PRI director Barbara Yastine report on Form 4?

She reported an acquisition on 09/15/2025 of 50.759 common shares, recorded at a price of $274.23 per share.

How many PRI shares does Barbara Yastine beneficially own after the transaction?

Following the reported transaction she directly beneficially owns 19,096.5733 shares.

Why were additional shares acquired according to the filing?

The filing states the shares represent dividends on phantom stock that were automatically reinvested into additional phantom stock under the Non-Employee Directors' Deferred Compensation Plan.

Does the filing show the phantom stock converts to common stock?

Yes. The filing explains phantom stock is convertible into common stock on a one-for-one basis per the plan terms.

Who signed the Form 4 and when was it filed?

The form was signed by Stacey K. Geer, attorney in fact on 09/16/2025 and indicates the transaction date of 09/15/2025.