Kalmbach Thomas Peter 4

What Happened
Thomas Peter Kalmbach, EVP & Chief Financial Officer of Globe Life (GL), received awards totaling 30,000 shares (grants on 2026-02-25 and 2026-02-27). Concurrently, 3,842 shares were surrendered/withheld to cover tax obligations at $144.15 per share, a total value of $553,824. The awards were granted at $0.00 purchase price (typical for RSUs/awarded options).

Key Details

• Transaction dates: awards on 2026-02-25 (9,762 shares) and 2026-02-27 (1,738 shares and 18,500 derivative shares). Tax withholding disposal on 2026-02-25 (3,842 shares at $144.15 = $553,824).
• Types: Code A = grant/award (acquisitions at $0.00); Code F = tax withholding (disposition of shares to satisfy tax liability). The 18,500-item is a derivative award (e.g., options/other exercisable instrument).
• Vesting/exercise note (Footnote F1): the derivative award is first exercisable/vests 50% on 02-27-2028 and the remaining 50% on 02-27-2029.
• Shares owned after the transactions were not specified in the provided data.
• Filing: Form 4 filed 2026-02-27 for transactions on 02-25 and 02-27 — appears to be timely (Form 4 is due within two business days of the transaction).

Context

• This was mainly award activity (acquisitions) rather than an open-market purchase; awards are a common part of executive compensation and can indicate long-term alignment but are not an active purchase signal.
• The 3,842-share disposition was a tax-withholding event, not an open-market sale — typical when restricted shares vest or options are exercised.
• The derivative award’s multi-year exercisability means the economic benefit is subject to future vesting/exercise dates, so immediate liquidity or market exposure is limited.