Co-Chairman & CEO Frank M Svoboda sells 20,000 shares (27.0% of non-derivative holding) for $3.3M across 4 transactions at $164.20–$166.93
Frank M Svoboda, who was Co-Chairman & CEO at the time of filing, executed 4 separate sales totaling 20,000 shares (20.0K shares) for $3,315,645.76 ($3.3M) at prices ranging from $164.20 to $166.93, reducing his non-derivative holdings from 74,020 shares to 54,020 shares (-27.0% vs pre-transaction holdings). The transactions occurred on 2026-06-11 and 2026-06-12, with a blended average price of $165.78, near the current price of $169.06 and within 0.3% of the 52-week high of $169.50. Svoboda retains 10,000 shares through employee stock options (Table II derivative holdings), so his overall position remains substantial. His cross-ticker track record shows 20 prior sells with an average 90-day return of +3.1% and a 53.85% well-timed rate; however, his same-ticker history at GL shows 5 prior sales with only 2 measurable 30-day outcomes (both marginally positive), and no completed 90-day windows yet, making predictive assessment of this sale's timing impossible. The stock has risen 9.0% in 30 days and 21.0% in 90 days; whether this sale represents a tactical reduction or scheduled vest-and-sell activity cannot be determined from the filing alone.