Darden James Matthew 4

What Happened

• James Matthew Darden, Co‑Chairman, CEO and a director of Globe Life (GL), exercised 22,019 options on May 5, 2026 at $100.74 per share (total exercise cost $2,218,194) and the filing shows he sold the 22,019 shares the same day in two open‑market transactions. The sales were 12,905 shares at a weighted price reported around $153.53 (proceeds $1,981,334) and 9,114 shares at about $154.29 (proceeds $1,406,203). Total sale proceeds ≈ $3,387,537, implying gross proceeds minus exercise cost of ≈ $1,169,343.

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-06 (timely filing).
• Option exercise (code M): 22,019 shares acquired at $100.74 ($2,218,194).
• Sales (code S): 12,905 shares at prices in the $153.00–$153.95 range (proceeds $1,981,334); 9,114 shares at prices in the $154.00–$154.64 range (proceeds $1,406,203). Combined sales ≈ $3,387,537.
• Footnotes: F1 notes the reporting person will provide per‑trade share counts on request; F2/F3 give the price ranges for the two sale blocks.
• Shares owned after the transactions: not specified in the provided filing.

Context

• This is an exercise of derivative awards followed by immediate open‑market sales — effectively a cashless exercise (exercised options converted to shares then sold).
• Exercise (M) and sale (S) are routine forms of insider liquidity and do not by themselves indicate future company performance. The filing was submitted promptly the next day.