Amy Christine Friedrich, President - Benefits & Protection at Principal Financial Group Inc (NASDAQ:PFG), filed a Form 4 on August 11, 2026, disclosing stock option exercises and a same-day share sale transacted on August 7, 2026.

Key Highlights

  • Options exercised: Friedrich exercised three tranches of employee stock options totaling 35,680 shares of common stock at an exercise price of $63.98 per share on August 7, 2026.
  • Shares disposed: 35,680 shares were sold on August 7, 2026, at a weighted average price of $113.80, with individual transaction prices ranging from $113 to $114.60.
  • Post-transaction holdings: Following the reported transactions, Friedrich directly held 108,863 shares of common stock.
  • Rule 10b5-1 plan: According to the filing, the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Friedrich on May 8, 2026.
  • Derivative positions reduced to zero: All three option tranches, which had an expiration date of February 26, 2028, were fully exercised, leaving Friedrich with 0 remaining options in each tranche.
  • Signed by attorney-in-fact: The form was signed by Chris Agbe-Davies as Attorney-in-Fact on August 11, 2026.

Friedrich's Option Exercise and Sale at Principal Financial Group

According to the Form 4 filing, Amy Christine Friedrich, who serves as President - Benefits & Protection at Principal Financial Group Inc, acquired 35,680 shares of common stock through the exercise of employee stock options on August 7, 2026. The three option tranches, each carrying an exercise price of $63.98, consisted of 11,893 shares, 11,893 shares, and 11,894 shares respectively. All three tranches shared the same expiration date of February 26, 2028, and each was reduced to a remaining balance of zero following the exercise.

The filing discloses that the same 35,680 shares were disposed of on August 7, 2026, at a weighted average price of $113.80. The filing notes that "these shares were sold in multiple transactions at prices ranging from $113 to $114.60," and that Friedrich "undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote." Prior to the disposal, the filing shows an intermediate beneficial ownership figure of 144,543 shares following the acquisition, which declined to 108,863 shares after the sale, both held directly.

The filing indicates the sales were made pursuant to a Rule 10b5-1 trading plan that Friedrich adopted on May 8, 2026. The form was filed by one reporting person and was marked to indicate the transaction was made under a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

What Was Disclosed

The filing reports the exercise of 35,680 stock options at $63.98 per share and the same-day sale of those shares at a weighted average price of $113.80 by an officer of Principal Financial Group, conducted under a pre-established Rule 10b5-1 plan.