{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-119004","form_type":"8-K","ticker":"PFG","cik":"0001126328","company_name":"PRINCIPAL FINANCIAL GROUP INC","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.730971+00:00","generated_at":"2026-05-30T00:15:30.118834+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Principal Financial names Deanna Strable CEO effective Jan 7, 2025; Dan Houston becomes Executive Chairman","bullets":["Deanna Strable, current President and COO, appointed CEO effective January 7, 2025; Houston becomes Executive Chairman.","Strable's CEO compensation: $1M base salary, 300% target incentive, $8.5M long-term equity grant.","Houston's Executive Chairman compensation: $1.1M base salary, 375% target incentive, $4.24M RSU grant.","Strable joined Principal in 1990; served as CFO from 2017 to 2024 and President U.S. Insurance Solutions before COO role.","Houston retires after 40 years with the company, 10 years as CEO; market cap grew from $13B to over $20B under his tenure."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-119004","json":"https://secwatch.observer/filing/0001104659-24-119004.json","markdown":"https://secwatch.observer/filing/0001104659-24-119004.md","text":"https://secwatch.observer/filing/0001104659-24-119004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/tm2428254d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:15:30.118834+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"756f96657e","claim":"Dwight Soethout departed as Vice President-Chief Actuary at PRINCIPAL FINANCIAL GROUP INC.","evidence_excerpt":"Dwight Soethout, Vice President-Chief Actuary, is the spouse of Ms. Strable and has been an employee of the Company since 1993. Mr. Soethout has indicated his intention to retire from the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"intended to retire"},{"label":"Role","value":"Vice President-Chief Actuary"}],"fact_type":"executive_change"},{"claim_id":"bbf4e9d9d9","claim":"Daniel J. Houston changed role as Executive Chairman at PRINCIPAL FINANCIAL GROUP INC.","evidence_excerpt":"Mr. Houston will continue to serve as Executive Chairman following his retirement from the role of Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retired from CEO and assumed Executive Chairman role"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}