Zorn Rebecca E 4

What Happened Rebecca E. Zorn, EVP & Chief Talent Officer at Globe Life (GL), exercised stock-related derivatives and sold shares on June 18, 2026. The filing shows she exercised 2,000 shares at $98.32 (cost $196,640) and sold 2,000 shares in the open market for total proceeds of about $340,193 (reported average $170.10). A separate derivative conversion of 2,000 shares is also listed with a $0.00 price (see footnotes).

Key Details

• Transaction date: June 18, 2026; Form 4 filed June 22, 2026 (appears timely — within required business-day window).
• Exercise: 2,000 shares @ $98.32 = $196,640 cash paid.
• Sale: 2,000 shares disposed in open market, reported average price $170.10, proceeds $340,193; footnote F2 shows sale prices ranged $169.70–$170.41.
• Additional derivative entry: 2,000 shares listed as disposed at $0.00 (derivative); footnote F1 notes the reporting person will provide full per-price share breakdown on request.
• Shares owned after transaction: not specified in the provided excerpt — check the full Form 4 for post-transaction beneficial ownership.
• No 10b5-1 plan, tax withholding, or late-filing flag is indicated in the excerpt provided.

Context

• The filing indicates an exercise followed by an immediate sale of shares — a common "cashless" pattern where exercised shares are sold the same day. Based on the reported numbers, the exercised 2,000 shares had an approximate pre-tax gain of roughly $143.6K (sale proceeds ≈ $340.2K minus exercise cost $196.6K).
• The $0.00 derivative disposal likely reflects a non-cash settlement or internal conversion and is explained only at a summary level here; refer to the full filing or contact the issuer/SEC staff for the detailed breakdown per footnote F1.