MAJORS MICHAEL CLAY 4

What Happened
Michael Clay Majors, EVP & Chief Strategy Officer of Globe Life (GL), exercised 34,000 options at $98.32 per share (cost $3,342,880) on 2026-04-24 and sold a total of 34,000 shares the same day in three open-market transactions for aggregate proceeds of $5,229,628. The Form 4 also shows a 34,000-share derivative disposition at $0, consistent with shares surrendered to cover the exercise or tax withholding.

Key Details

• Transaction date: 2026-04-24; Form 4 filed 2026-04-27 (appears timely under the two-business-day rule).
• Exercise: 34,000 shares acquired at $98.32 per share (total cost $3,342,880).
• Market sales: 34,000 shares sold in three blocks — 5,165; 17,251; and 11,584 shares — total proceeds $5,229,628.
• Reported footnotes: F1 indicates the reporting person will provide exact per-block share counts on request. F2–F4 give the sale price ranges for each tranche: $152.325–153.19; $153.20–154.19; $154.20–155.05.
• Shares owned after the transactions: not specified in the provided filing.

Context
This was an option exercise paired with immediate open-market sales (a cashless-type outcome): Majors exercised options (paid ~$3.34M) and sold the resulting/specified shares the same day for ~$5.23M in proceeds. The separate derivative disposition at $0 typically reflects shares surrendered to cover the exercise price or tax withholding; the filing’s footnotes confirm the sales were executed in multiple price bands. These kinds of combined exercise-and-sell transactions are common for executives and do not, by themselves, indicate a change in company outlook.