Darden James Matthew 4

What Happened

• James Matthew Darden, Co-Chairman & CEO of Globe Life Inc. (GL), exercised 4,663 option-derived shares and immediately sold those 4,663 shares in the open market on April 28, 2026. He paid $100.74 per share on exercise (total cost $469,751) and sold the shares for an average price reported as $153.88 per share (gross proceeds ~$717,530). The filing also shows a related derivative disposition line for 4,663 shares at $0, reflecting the option conversion/exercise.

Key Details

• Transaction date: April 28, 2026
• Exercise: 4,663 shares at $100.74 each — total cash paid $469,751
• Sale: 4,663 shares sold in the open market; average price listed $153.88; total proceeds ~$717,530
• Sale price range (footnote): $153.635 to $154.24 per share
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1 — reporting person will provide per-price sale breakdown on request; F2 — shows sale price range above
• Filing timeliness: Report filed next day (Apr 29, 2026) and appears timely under Form 4 rules

Context

• This was effectively a cashless exercise: options were exercised and the acquired shares were sold immediately, a common way for insiders to realize option value and cover exercise costs and taxes. Such sales are often routine and do not by themselves indicate the insider’s longer-term view of the company.