Form 4: Reinsurance Group of America Director Khanh T Tran Acquires 1,532 Shares Through Deferral

Director Khanh T Tran acquired 1,532 shares of Reinsurance Group of America Inc. through deferral of annual retainer and stock grant.

Summary

• On May 22, 2024, Khanh T Tran, a director of Reinsurance Group of America Inc. (RGA), acquired 1,532 shares of common stock.
• The acquisition was made through the deferral of an annual retainer (754 shares) and a stock grant (778 shares) for services performed as a director.
• The price of the common stock at the time of the transaction was $212.2.
• Following the transaction, the reporting person beneficially owns 1,532 phantom shares.
• The director can elect to receive payment upon retirement or after a five or seven year deferral period, distributable upon retirement from the Board in accordance with distribution elections.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The director can elect to receive payment (1) upon retirement or (2) after a five or seven year deferral period.

Industry Context

Director share acquisitions are common in the insurance industry as part of compensation packages and can reflect management's alignment with shareholder interests.

Comparison to Industry Standards

• Director compensation packages often include stock grants and deferral options, aligning their interests with long-term shareholder value, similar to practices at companies like Prudential Financial and MetLife.
• The deferral of stock grants and annual retainers is a common practice among directors in publicly traded companies, aligning their interests with the long-term performance of the company, similar to practices seen at Berkshire Hathaway and other large corporations.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates