MAJORS MICHAEL CLAY 4

What Happened

• Michael Clay Majors, EVP & Chief Strategy Officer of Globe Life (GL), exercised options/conversions on Feb 6, 2026 to acquire 30,000 shares (27,000 at $100.74 and 3,000 at $98.32) for a total exercise cost of $3,014,940.
• On the same day he sold the 30,000 shares in multiple open-market transactions, generating total proceeds of $4,406,824 (sales executed at prices reported between $145.605 and $148.79 per share).
• This pattern—exercise of derivatives followed by immediate sale—is consistent with a cashless or sell-to-cover exercise (insider converted options into shares and disposed of the resulting shares).

Key Details

• Transaction date: February 6, 2026; Form 4 filed February 9, 2026 (appears to be timely).
• Exercises: 27,000 shares @ $100.74 ($2,719,980) and 3,000 shares @ $98.32 ($294,960) — total $3,014,940.
• Open-market sales: 11,581 @ $146.04, 13,510 @ $147.18, 3,488 @ $147.92, 1,421 @ $148.63 — total proceeds $4,406,824. Footnotes list sales price groupings: $145.605–$146.42; $146.62–$147.475; $147.55–$148.465; $148.48–$148.79. F2 notes detailed per-price share counts are available on request to the SEC/issuer/shareholders.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Prior entry (Feb 6, 2025) shows exercise/conversion of 27,000 and 3,000 shares reported with $0 proceeds (reported as derivative dispositions) — see filing for details.

Context

• For retail investors: exercising options and immediately selling the resulting shares is a common way for insiders to cover exercise costs, taxes, or diversify and does not necessarily signal a judgment about the company’s outlook. This filing documents a derivative exercise (M) followed by open-market sales (S); no 10b5-1 plan or other arrangement is referenced in the noted footnotes.