Alston Cheryl 4

What Happened

• Cheryl Alston, a director of Globe Life Inc. (GL), exercised stock options to acquire 14,017 shares at an exercise price of $105.56 per share (total cost ≈ $1,479,635) on June 25, 2026. On the same day she sold a portion of those shares in open-market transactions: 2,750 shares @ $177.56, 1,010 shares @ $178.71, 1,934 shares @ $180.13, and 2,564 shares @ $180.57, for aggregate proceeds of roughly $1,480,134. The Form 4 also reports the conversion/disposition of the derivative (the option) related to the exercise.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 26, 2026 (timely).
• Exercise: 14,017 shares acquired @ $105.56 (≈ $1.48M).
• Open-market sales: total 8,258 shares sold for ≈ $1.48M across four tranches (prices ranged roughly $177.32–$181.20 per share; see footnotes for per-tranche ranges).
• Derivative entry: 14,017 derivative units converted/disposed at $0 (represents option conversion on exercise).
• Footnote: Includes 26.086 shares acquired via the company’s dividend reinvestment plan since last report.
• Shares owned after the transactions: the Form 4 does not disclose total post-transaction holdings (net increase of 5,759 shares from the exercise before the sales, not counting prior holdings).

Context

• This was an option exercise followed by same-day sales of a portion of the resulting shares — a common pattern where exercised shares are sold (partially or fully) to cover the exercise cost and taxes. The filing shows both an acquisition (exercise) and sales; purchases (exercises) can be viewed as an insider realizing value from vested awards, while the open-market sales are routine dispositions.