Broden Max 4

What Happened
Max Broden, Senior Executive Vice President and Chief Financial Officer of AFLAC Inc. (AFL), received equity awards under the company's long-term incentive plan and had a portion of shares surrendered to cover tax liabilities. The filing shows he was issued a total of 49,523 shares (49,458 + 65) on Feb 10, 2026, and 21,864 shares were disposed (surrendered) to satisfy tax/exercise obligations, with proceeds/values of $2,473,873 and $1,163 respectively (total ≈ $2,475,036). Net, Broden acquired 27,659 shares from these transactions.

Key Details

• Transaction dates: Feb 10, 2026 (awards and major withholding); Feb 11, 2026 (additional withholding).
• Awards: 49,458 shares @ $0.00 and 65 shares @ $0.00 (total 49,523 shares) — footnote: granted under the Aflac Incorporated Long-Term Incentive Plan.
• Withheld/surrendered shares: 21,854 shares @ $113.20 (value $2,473,873) and 10 shares @ $116.25 (value $1,163) — total disposed: 21,864 shares, ~$2,475,036.
• Net result: +27,659 shares retained after tax/withholding surrender.
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Report filed Feb 12, 2026 for transactions on Feb 10–11, 2026 — appears timely (within Form 4 reporting window).

Context
The A-code entries indicate stock awards/settlements under the LTIP; the F-code disposals are share-withholdings to cover tax liabilities or exercise costs, not open-market sales. Such withholdings are a routine administrative step when awards vest and do not necessarily signal a change in insider sentiment.