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AI brief of an SEC Form 8-K · Principal Financial (PFG)

Principal Financial Group names Joel Pitz executive vice president and CFO

Neutral Impact 4 of 5 leadership Written later

Principal Financial Group named Joel Pitz executive vice president and chief financial officer, effective immediately, succeeding Deanna Strable, who became president and CEO in January 2025. Pitz had served as interim CFO since August 2024, so the change formalizes an existing role, and the filing discloses his pay and a family relationship with a company accounting employee.

Key points

  • Pitz was named on May 19, 2025, and the appointment was announced in a news release on May 20, 2025.
  • Pitz will receive an annual base salary of $552,500, a target annual incentive of 200% of base salary, and a long-term incentive target of $2,348,125 in restricted stock units.
  • Pitz's spouse, Kristine Pitz, is Director, Accounting, and received $225,034 in base salary and bonuses in 2024; the filing says her pay was approved by the independent Human Resources Committee.

The filing

CompanyPrincipal Financial (PFG)
Form8-K, current report
Filed with the SECMay 20, 2025, 5:02 PM ET
Accession number0001104659-25-051052

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.