SVOBODA FRANK M 4

What Happened Frank M. Svoboda, Co‑Chairman & CEO and a director of Globe Life (GL), was granted multiple share awards and had 9,641 shares withheld to satisfy tax obligations. Transactions reported: 24,499 shares were acquired (award) on 2026-02-25; 9,641 shares were disposed (withheld for taxes) on 2026-02-25 at $144.15 per share for proceeds/withholding of $1,389,750; and on 2026-02-27 he was awarded an additional 4,591 shares plus 48,200 derivative shares (award/derivative) — all awards reported at $0 acquisition price (i.e., granted awards/units/options).

Key Details

• Transaction dates and amounts:
  • 2026-02-25: Award of 24,499 shares (A).
  • 2026-02-25: 9,641 shares withheld/disposed to cover taxes (F) at $144.15 = $1,389,750.
  • 2026-02-27: Award of 4,591 shares (A).
  • 2026-02-27: Award of 48,200 derivative shares (A, derivative) reported at $0.
• Codes: A = Award/Grant/Acquisition; F = Tax withholding to cover tax liability.
• Vesting/exercise note (from filing): the derivative award is first exercisable as to 50% of the shares on 2028-02-27 and the remaining 50% on 2029-02-27 (Footnote F1).
• Shares owned after the transactions are not specified in the supplied excerpt of the filing.
• Filing: Report filed 2026-02-27 for transactions on 2026-02-25 and 2026-02-27; this appears to be a timely Form 4 filing (no late filing indicated in the provided data).

Context

• The 9,641‑share disposition was a tax‑withholding event (common when restricted stock or option exercises vest) rather than an open‑market sale; such withholdings are routine and do not necessarily signal sentiment.
• The 48,200 "derivative" shares are subject to future exercisability/vesting (50% in 2028 and 50% in 2029), meaning those shares are not immediately tradable.
• Purchases/awards (A) are acquisitions of equity compensation; the recorded withholding (F) reduced net shares delivered to him to cover taxes.