=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-27
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: PRINCIPAL FINANCIAL GROUP INC (PFG)
CIK: 0001126328
--- Reporting Owner ---
Name: Bhatia Kamal
CIK: 0001736344
Role: Officer (President and CEO - PAM)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -3,781 | Price: $95.42
Total Value: $360,783.02
Shares Owned After: 67,414 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-03-02 | Code: D (Sale to issuer)
Shares: -2,299 | Price: $95.99
Total Value: $220,681.01
Shares Owned After: 65,115 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 5/14/2025.
[F2] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.83 to $96.52, 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.
[Transaction #3]
Security: Common Stock
Date: 2026-03-02 | Code: D (Sale to issuer)
Shares: -600 | Price: $96.95
Total Value: $58,170.00
Shares Owned After: 64,515 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 5/14/2025.
[F3] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.83 to $97.15, 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.
--- Footnotes (Complete Index) ---
F1: This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 5/14/2025.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.83 to $96.52, 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.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.83 to $97.15, 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.
--- Signature ---
/s/ Chris Agbe-Davies as Attorney-in-Fact (2026-03-03)
