Principal Financial (PFG)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-07 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: PRINCIPAL FINANCIAL GROUP INC (PFG) CIK: 0001126328 --- Reporting Owner --- Name: Friedrich Amy Christine CIK: 0001707433 Role: Officer (President - Benefits & Protect) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-08-07 | Code: A (Grant or award) Shares: +35,680 | Price: $63.98 Total Value: $2,282,806.40 Shares Owned After: 144,543 | Ownership: D (Direct) [Transaction #2] Security: Common Stock Date: 2026-08-07 | Code: D (Sale to issuer) Shares: -35,680 | Price: $113.80 Total Value: $4,060,384.00 Shares Owned After: 108,863 | Ownership: D (Direct) Footnotes: [F1] The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/8/2026. [F2] The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $113 to $114.60. The reporting person undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities and 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: Employee Stock Option (Right to Buy) Date: 2026-08-07 | Code: M (Exercise of derivative) Shares: -11,893 | Price: $63.98 Exercisable: N/A | Expires: 2028-02-26 Shares Owned After: 0 | Ownership: D (Direct) [Transaction #2] Security: Employee Stock Option (Right to Buy) Date: 2026-08-07 | Code: M (Exercise of derivative) Shares: -11,893 | Price: $63.98 Exercisable: N/A | Expires: 2028-02-26 Shares Owned After: 0 | Ownership: D (Direct) [Transaction #3] Security: Employee Stock Option (Right to Buy) Date: 2026-08-07 | Code: M (Exercise of derivative) Shares: -11,894 | Price: $63.98 Exercisable: N/A | Expires: 2028-02-26 Shares Owned After: 0 | Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/8/2026. F2: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $113 to $114.60. The reporting person undertakes to provide Principal Financial Group, Inc., any security holder of Principal Financial Group, Inc., or the staff of the Securities and 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 (2026-08-11)