Kalmbach Thomas Peter 4

What Happened

• Thomas Peter Kalmbach, EVP & Chief Financial Officer of Globe Life (GL), exercised options to acquire 10,000 shares at $103.23 per share (cost = $1,032,300) and on the same day sold 7,936 shares in an open-market transaction for about $1,242,709 (reported price used $156.59/share). The Form 4 also reports a disposition of 10,000 shares at $0.00 in connection with the derivative transaction (see footnotes).

Key Details

• Transaction date: May 22, 2026. Form 4 filed: May 26, 2026 (timely filed).
• Option exercise (code M): 10,000 shares acquired at $103.23 — total $1,032,300.
• Open-market sale (code S): 7,936 shares disposed for $1,242,709; sale prices reported in footnote range $156.25–$157.08 per share (footnote F2). Footnote F1 notes the reporting person will provide detailed per-price share counts on request.
• Reported derivative disposition: 10,000 shares at $0.00 (listed under exercise/derivative) — filing does not explicitly state the reason for the $0.00 disposition.
• Shares owned after the transactions: not specified in the information provided.

Context

• This was a mixed transaction: an exercise of options (a purchase/acquisition) and contemporaneous open-market sales. Selling shares on the same day as exercising options is a common way to cover option costs, taxes, or to realize gains; the filing’s $0.00 disposition often reflects withholding/surrender of shares in connection with the exercise, though the form does not spell out the exact mechanics.
• Open-market sales by executives are often routine and don’t necessarily indicate a change in view about the company; purchases (exercises) are often viewed as a more direct bullish signal, but here both occurred on the same day.