=== 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: McCullum Kenneth A.
CIK: 0001830834
Role: Officer (EVP - Chief Risk Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -1,228 | Price: $95.42
Total Value: $117,175.76
Shares Owned After: 42,524 | Ownership: D (Direct)
Footnotes:
[F1] Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
[Transaction #2]
Security: Common Stock
Date: 2026-03-02 | Code: D (Sale to issuer)
Shares: -1,316 | Price: $96.01
Total Value: $126,349.16
Shares Owned After: 41,208 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 3/13/2025.
[F3] 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 $96.33, 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.
[F1] Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
[Transaction #3]
Security: Common Stock
Date: 2026-03-02 | Code: D (Sale to issuer)
Shares: -300 | Price: $96.93
Total Value: $29,079.00
Shares Owned After: 40,908 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 3/13/2025.
[F4] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.87 to $97.02, 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.
[F1] Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
--- Footnotes (Complete Index) ---
F1: Includes 29 shares acquired pursuant to the Principal Financial Group, Inc. Employee Stock Purchase Plan.
F2: This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 3/13/2025.
F3: 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 $96.33, 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.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.87 to $97.02, 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)
