Kenneth A. McCullum - 10 Dec 2025 Form 4 Insider Report for PRINCIPAL FINANCIAL GROUP INC (PFG)

Role: EVP - Chief Risk Officer
Signature: Chris Agbe-Davies as Attorney-in-Fact
Issuer symbol: PFG
Transactions as of: 10 Dec 2025
Net transactions value: -$462,110
Form type: 4
Filing time: 11 Dec 2025, 17:06:06 UTC
Previous filing: 30 Sep 2025
Next filing: 23 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
McCullum Kenneth A.	EVP - Chief Risk Officer	711 HIGH STREET, DES MOINES	Chris Agbe-Davies as Attorney-in-Fact	11 Dec 2025	0001830834

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFG	Common Stock	Award	$322,061	+5,130	+13%	$62.78	45,707	10 Dec 2025	Direct	F1
transaction	PFG	Common Stock	Disposed to Issuer	$462,110	-5,130	-11%	$90.08	40,577	10 Dec 2025	Direct	F1, F2

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
transaction	PFG	Common Stock	Options Exercise	$107,354	-1,710	-33%	$62.78	3,420	10 Dec 2025	Common Stock	1,710	$62.78	Direct
transaction	PFG	Common Stock	Options Exercise	$107,354	-1,710	-50%	$62.78	1,710	10 Dec 2025	Common Stock	1,710	$62.78	Direct
transaction	PFG	Common Stock	Options Exercise	$107,354	-1,710	-100%	$62.78	0	10 Dec 2025	Common Stock	1,710	$62.78	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	Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.19, 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.

Content

Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.19, 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.