EVP Steven Kent Beaver sold 5,508 AFL shares at $117.81; retains 40,537 shares post-transaction.
Steven Kent Beaver, who was CFO of Aflac Japan, sold 5,508 shares for $648,897.48 on 2026-05-22, reducing his non-derivative holdings by 12.0% to 40,537 shares. At the time of sale, Aflac traded near its 52-week highs (current price $117.04 is -2.3% from the $119.81 peak), and the stock has posted +2.1% gains over 30 days and +2.7% over 90 days. His prior two sales at Aflac (2026-02-20 and 2025-12-12) resulted in 90-day returns of +3.7% and +0.1%, respectively—neither exhibited the negative subsequent returns that would signal well-timed selling before a decline. The company's fundamentals show recent revenue contraction of -9.3% year-over-year, though current profitability metrics remain solid (net income $1.0B on $4.3B quarterly revenue, P/E of 12.85). Without disclosure of a 10b5-1 plan or other form of pre-arranged trading, the timing relative to near-peak prices and modest valuation headwinds warrants tracking against his cross-ticker track record, which shows 0 of 2 sales were well-timed at the 90-day mark.