Form 4: Principal Financial Group EVP Acquires Shares Through Stock Grants and ESPP

Kenneth A. McCullum, EVP and Chief Risk Officer of Principal Financial Group, reports acquisition of common stock through restricted stock units and settlement of performance-based restricted stock units.

Summary

• Kenneth A. McCullum, EVP Chief Risk Officer of Principal Financial Group Inc., reported changes in beneficial ownership on February 24, 2025.
• McCullum acquired 3,269 shares of common stock through a grant of restricted stock units at a price of $0.
• He also acquired 4,287 shares of common stock through the settlement of performance-based restricted stock units granted on March 7, 2022, also at a price of $0.
• Additionally, McCullum acquired 28 shares pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
• Following these transactions, McCullum beneficially owns 41,787 shares of Principal Financial Group Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard executive compensation practices and participation in the employee stock purchase plan, indicating confidence in the company's performance.

Positives

• The acquisition of shares through restricted stock units and performance-based units aligns McCullum's interests with the company's performance.
• Participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment as they demonstrate management's alignment with company performance.

Key Dates