Form 4: Reinsurance Group of America Director Acquires Shares Through Deferral Program

Director Michele Mi Kyung Bang acquired 1,367 shares of Reinsurance Group of America Inc. through a deferral program on May 22, 2024.

Summary

• On May 22, 2024, Michele Mi Kyung Bang, a director of Reinsurance Group of America Inc. (RGA), acquired 1,367 shares of common stock.
• The acquisition was made through the deferral of her annual retainer (589 shares) and stock grant (778 shares) as compensation for her services as a director.
• The price of the common stock at the time of the transaction was $212.2.
• The director now beneficially owns 1,367 phantom shares, which are distributable upon her retirement from the Board according to her distribution elections.
• The director can elect to receive payment (1) upon retirement or (2) after a five or seven year deferral period.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence in the company, but it's a routine transaction.

Positives

• The director's acquisition of shares demonstrates her continued investment and alignment with the company's success.
• The deferral program allows directors to accumulate shares over time, potentially increasing their stake in the company.

Future Outlook

The director's phantom shares are distributable upon her retirement from the Board, according to her distribution elections.

Industry Context

Director share acquisitions are common in the insurance industry as a way to align management interests with shareholder value.

Stakeholder Impact

• The director's share acquisition could have a minor positive impact on shareholder sentiment.

Key Dates