Primerica (NYSE: PRI) director adds phantom stock via dividend reinvestment

Rhea-AI Filing Summary

Primerica, Inc. director Joel M. Babbit reported an automatic acquisition of 36.627 shares of phantom stock on March 13, 2026 at $249.06 per share. This transaction arose from dividends that were reinvested under the Non-Employee Directors' Deferred Compensation Plan and increased his direct holdings to 8,467.5137 shares of common stock equivalents. The phantom stock is convertible into common stock on a one-for-one basis in accordance with the plan’s terms.

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^*

Babbit Joel M.

(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)
03/13/2026

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	03/13/2026		A		36.627(1)	A	$249.06	8,467.5137	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	03/16/2026
	** 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.

FAQ

What insider transaction did Primerica (PRI) disclose for Joel M. Babbit?

Primerica director Joel M. Babbit reported acquiring 36.627 phantom stock shares. These were created when dividends were automatically reinvested under the Non-Employee Directors' Deferred Compensation Plan, increasing his direct common stock equivalent holdings to 8,467.5137 shares.

Was Joel M. Babbit’s Primerica (PRI) Form 4 a market purchase or an award?

The Form 4 shows an award-type acquisition, not a market purchase. Code "A" and footnotes indicate dividends on phantom stock were automatically reinvested into additional phantom stock shares under a deferred compensation plan, rather than bought in open-market trading.

How many Primerica (PRI) phantom stock shares did Joel M. Babbit hold after the transaction?

After the dividend reinvestment, Joel M. Babbit directly held 8,467.5137 shares of Primerica common stock equivalents. The filing explains that phantom stock under the Non-Employee Directors' Deferred Compensation Plan is convertible into common stock on a one-for-one basis under the plan’s terms.

What does phantom stock mean in Primerica (PRI) director compensation?

Phantom stock represents deferred compensation units tied to Primerica’s common stock. According to the filing, these units receive dividends that are reinvested into more phantom stock and are convertible into common stock on a one-for-one basis under the Non-Employee Directors' Deferred Compensation Plan.

What price per share was used for Joel M. Babbit’s Primerica (PRI) phantom stock reinvestment?

The phantom stock dividends were reinvested at a reference price of $249.06 per share. This price is disclosed in the Form 4 as the transaction price for the 36.627 phantom stock shares acquired through the deferred compensation plan’s automatic dividend reinvestment feature.