Principal Financial Group Director Alfredo Rivera Acquires Restricted Stock Units and Phantom Stock

This Form 4 filing reports that Alfredo Rivera, a director of Principal Financial Group Inc (PFG), acquired equity interests on December 19, 2025. Rivera received 137 restricted stock units (RSUs) at $0 per share, which represents a grant of equity compensation. Additionally, he acquired 28 phantom stock units at $88.95 per share through the Principal Deferred Compensation Plan for Non-Employee Directors. Following these transactions, Rivera holds 14,075 common shares directly and 3,225 phantom stock units. The phantom stock units can be transferred into other investment alternatives under the plan and will be settled upon Rivera's retirement. The filing was signed by Chris Agbe-Davies as Attorney-in-Fact on December 23, 2025.