Principal Financial (PFG)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-31 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: PRINCIPAL FINANCIAL GROUP INC (PFG) CIK: 0001126328 --- Reporting Owner --- Name: STRABLE-SOETHOUT DEANNA D CIK: 0001278726 Role: Officer (President and CEO) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-31 | Code: A (Grant or award) Shares: +38,237 | Price: $37.38 Total Value: $1,429,299.06 Shares Owned After: 191,705 | Ownership: D (Direct) [Transaction #2] Security: Common Stock Date: 2025-12-31 | Code: D (Sale to issuer) Shares: -38,237 | Price: $88.55 Total Value: $3,385,886.35 Shares Owned After: 153,468 | Ownership: D (Direct) Footnotes: [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. --- Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-31 | Code: M (Exercise of derivative) Shares: -15,557 | Price: $37.38 Exercisable: N/A | Expires: 2026-02-22 Shares Owned After: 0 | Ownership: D (Direct) [Transaction #2] Security: Common Stock Date: 2025-12-31 | Code: M (Exercise of derivative) Shares: -22,680 | Price: $37.38 Exercisable: N/A | Expires: 2026-02-22 Shares Owned After: 0 | Ownership: D (Direct) --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) --- Footnotes (Complete Index) --- 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. --- Signature --- /s/ Chris Agbe-Davies as Attorney-in-Fact (2026-01-02)