Roberto Walker - 28 Mar 2023 Form 4 Insider Report for PRINCIPAL FINANCIAL GROUP INC (PFG)

Role
EVP, Principal Latin American
Signature
Clint Woods
Issuer symbol
PFG
Transactions as of
28 Mar 2023
Net transactions value
-$1,940,941
Form type
4
Filing time
30 Mar 2023, 14:12:30 UTC
Previous filing
29 Mar 2023
Next filing
31 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFG Common Stock Award $462,432 +9,009 +23% $51.33 48,699 28 Mar 2023 Direct F3
transaction PFG Common Stock Award $668,429 +17,882 +37% $37.38 66,581 28 Mar 2023 Direct F3
transaction PFG Common Stock Disposed to Issuer $1,940,992 -26,891 -40% $72.18 39,690 28 Mar 2023 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PFG Employee Stock Option (Right to Buy) Options Exercise $194,849 -3,796 -100% $51.33 0 28 Mar 2023 Common Stock 3,796 $51.33 Direct
transaction PFG Employee Stock Option (Right to Buy) Options Exercise $267,532 -5,212 -100% $51.33 0 28 Mar 2023 Common Stock 5,212 $51.33 Direct
transaction PFG Employee Stock Option (Right to Buy) Options Exercise $404,190 -10,813 -100% $37.38 0 28 Mar 2023 Common Stock 10,813 $37.38 Direct
transaction PFG Employee Stock Option (Right to Buy) Options Exercise $264,239 -7,069 -65% $37.38 3,744 28 Mar 2023 Common Stock 7,069 $37.38 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/24/2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.71 to $72.47, inclusive. The reporting person undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 Includes 5,106 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.