Cheong Wee Yee 4

What Happened

• Cheong Wee Yee, President — Asia & Middle East at Principal Financial Group (PFG), sold a total of 10,745 shares in two open‑market transactions on May 20–21, 2026.
• Sales: 3,211 shares at a weighted average price of $103.06 (proceeds ~$330,926) on 2026-05-20, and 7,534 shares at a weighted average price of $103.16 (proceeds ~$777,207) on 2026-05-21 — total proceeds about $1,108,133.
• This was a sale (disposition) of shares, which is routine insider selling and not itself a bullish signal like a purchase would be.

Key Details

• Transaction dates and prices:
  • 2026-05-20: 3,211 shares, weighted avg $103.06 (individual trade prices ranged $103.00–$103.18; see footnote F1).
  • 2026-05-21: 7,534 shares, weighted avg $103.16 (individual trade prices ranged $103.00–$103.44; see footnote F3).
• Total shares sold: 10,745; total reported proceeds: ~$1,108,133.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F2: The filing notes inclusion of 1,763 shares acquired under Principal’s Employee Stock Purchase Plan (ESPP).
• Filing timeliness: Report filed 2026-05-22 for transactions on 2026-05-20 and 2026-05-21 — appears timely (not reported as late).

Context

• These were open‑market sales (Form 4 code "S"). The footnotes indicate the reported prices are weighted averages across multiple trades and the reporting person can provide per‑trade details on request.
• Sales by executives can reflect many reasons (diversification, tax planning, routine liquidity) and are not definitive indicators of the company’s outlook; purchases typically carry more clear bullish signal.