Principal Financial Group Director Scott Mills Receives Stock and Deferred Units Grant

Executive Summary

On September 29, 2026, Principal Financial Group Inc ($PFG) reported that Director Scott Mills received an award of 246 shares of Common Stock as restricted stock units on September 25, 2026, at an award price of $0.00. Additionally, Mr. Mills acquired 150 phantom stock units at $114.75 per unit through the Principal Deferred Compensation Plan for Non-Employee Directors.

Transaction Details

• Non-Derivative Common Stock: 246 shares granted at $0.00, bringing total direct common share ownership to 36,386 shares.
• Derivative Securities (Phantom Stock Units): 150 phantom stock units acquired at $114.75 each (total nominal value of $17,212.50), bringing his phantom stock unit balance to 20,643 units. The units convert to common stock on a 1-for-1 basis upon retirement.

Market Impact & Significance

This filing reflects standard quarterly or periodic non-employee director equity compensation and elective deferred compensation. Because these transactions represent scheduled corporate compensation rather than open-market buying or selling decisions, the market significance is Low.