secwatch.observer — SEC 8-K summary
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Issuer:     PRINCIPAL FINANCIAL GROUP INC (PFG)
CIK:        0001126328
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-051052
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Principal Financial names Joel Pitz as permanent CFO, effective May 19, 2025
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- Joel Pitz appointed Executive Vice President and CFO; he served as interim CFO since August 2024.
- Base salary of $552,500, target annual incentive at 200% of base, and $2.35 million LTI in RSUs.
- Pitz succeeds Deanna Strable, who became President and CEO in January 2025.
- Pitz has been with Principal for 30 years, previously serving as SVP and Controller and CFO for international businesses.
- Spouse Kristine Pitz is a Director – Accounting; her compensation approved by independent HR Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126328/000110465925051052/0001104659-25-051052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126328/000110465925051052/tm2515690d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051052

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