D. Strable Soethout - 31 Dec 2025 Form 4 Insider Report for PRINCIPAL FINANCIAL GROUP INC (PFG)

Role: President and CEO
Signature: Chris Agbe-Davies as Attorney-in-Fact
Issuer symbol: PFG
Transactions as of: 31 Dec 2025
Net transactions value: -$3,385,886
Form type: 4
Filing time: 02 Jan 2026, 12:50:37 UTC
Previous filing: 29 Dec 2025
Next filing: 12 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
STRABLE-SOETHOUT DEANNA D	President and CEO	711 HIGH STREET, DES MOINES	Chris Agbe-Davies as Attorney-in-Fact	02 Jan 2026	0001278726

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFG	Common Stock	Award	$1,429,299	+38,237	+25%	$37.38	191,705	31 Dec 2025	Direct
transaction	PFG	Common Stock	Disposed to Issuer	$3,385,886	-38,237	-20%	$88.55	153,468	31 Dec 2025	Direct	F1, F2
holding	PFG	Common Stock						62,552	31 Dec 2025	By Spouse

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	Footnotes
transaction	PFG	Common Stock	Options Exercise	$581,521	-15,557	-100%	$37.38	0	31 Dec 2025	Common Stock	15,557	$37.38	Direct
transaction	PFG	Common Stock	Options Exercise	$847,778	-22,680	-100%	$37.38	0	31 Dec 2025	Common Stock	22,680	$37.38	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	This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2024.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.20 to $88.82, 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

This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2024.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.20 to $88.82, 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.