J. Matthew Darden compensation by year
GLOBE LIFE Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $489,538 | $509,615 | $529,615 | $539,769 | $591,115 | $590,077 | $650,000 | $850,000 | $900,000 | $900,000 |
| Bonus | $250,000 | $270,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $253,200 | $540,820 | $657,000 | $619,200 | $805,920 | $884,880 | $1,135,530 | $2,008,568 | $2,978,880 | $3,996,587 |
| Option awards | $258,020 | $432,820 | $563,200 | $568,000 | $654,750 | $900,500 | $1,432,600 | $2,015,625 | $2,432,880 | $2,014,802 |
| Non-equity incentive | $0 | $0 | $400,000 | $420,000 | $350,000 | $410,000 | $535,000 | $1,535,000 | $1,967,580 | $1,724,310 |
| Pension and deferred compensation | $145,207 | $213,888 | $73,284 | $406,093 | $535,474 | $248,794 | $0 | $399,676 | $138,054 | $331,208 |
| All other | $9,275 | $9,450 | $9,625 | $9,800 | $23,395 | $23,949 | $26,586 | $52,027 | $41,772 | $98,957 |
| Total | $1,405,240 | $1,976,593 | $2,232,724 | $2,562,862 | $2,960,654 | $3,058,200 | $3,779,716 | $6,860,896 | $8,459,166 | $9,065,864 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: GLOBE LIFE INC. DEF 14A filed March 19, 2026, accession 0000320335-26-000135, and prior-year filings. Open the filing on EDGAR.
How this page was built: the GLOBE LIFE INC. filed document, accession 0000320335-26-000135. Every figure is read from that document and cited to the page and table it appears in. Filed March 19, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 3,709 | $518,741 | — |
| RSU | 3,500 | $489,510 | — |
| RSU | 3,370 | $471,328 | — |
| Option | 24,499 | — | $3.00 |
| Option | 50,471 | — | $127.43 |
| Option | 72,000 | — | $128.40 |
| Option | 31,250 | — | $120.49 |
| Option | 55,704 | — | $4.00 |
| Option | 39,400 | — | $4.00 |
Per the Outstanding Equity Awards at Fiscal Year-End table in GLOBE LIFE INC.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments GLOBE LIFE discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Retirement | — | $0 | — | $1,724,310 |
| Involuntary termination without cause | $4,860,000 | $7,841,535 | $12,804 | $14,377,336 |
| Disability | — | $18,871,852 | — | $20,596,162 |
| Change in control and involuntary termination | $4,860,000 | $18,871,852 | $12,804 | $25,407,653 |
| Non renewal | — | $0 | — | $1,724,310 |
| Voluntary resignation | — | $6,823,663 | — | $6,823,663 |
| Death | — | $18,871,852 | — | $21,096,162 |
Per the Potential Payments Upon Termination or Change in Control table in GLOBE LIFE INC.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
GLOBE LIFE’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Frank Svoboda | Co-Chairman and Chief Executive Officer | $9,453,935 |
| J. Matthew Darden · this page | Co-Chairman and Chief Executive Officer | $9,065,864 |
| Thomas Kalmbach | Executive Vice President and Chief Financial Officer | $4,184,779 |
| Michael Majors | Executive Vice President and Chief Strategy Officer | $3,723,288 |
| R. Brian Mitchell | Executive Vice President, General Counsel and Chief Risk Officer | $3,654,503 |
| Robert Hensley | Executive Vice President and Chief Investment Officer | $2,960,199 |
Board service
GLOBE LIFE board · FY2022–FY2025How this board is paid
Company policy: GLOBE LIFE pays directors a $100,000 cash retainer and $180,000 in equity. As stated in GLOBE LIFE's FY2025 proxy.
J. Matthew Darden's compensation dossier, GLOBE LIFE
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are GLOBE LIFE's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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