Form 4: Reinsurance Group of America Director McNeilage Acquires Shares Through Stock Grant Deferral
SEC Form 4 Filing
Director Hazel McNeilage acquired 778 shares of Reinsurance Group of America Inc. common stock through a deferral of a stock grant for director services.
Summary
- On May 22, 2024, Hazel McNeilage, a director of Reinsurance Group of America Inc. (RGA), acquired 778 shares of common stock.
- The acquisition was made through the deferral of a stock grant for services performed as a director.
- The price of the common stock was $212.2 per share.
- The director can elect to receive payment upon retirement or after a five or seven-year deferral period.
- The shares are distributable upon the director's retirement from the Board in accordance with distribution elections.
- Following the transaction, the reporting person beneficially owns a total of 7,345 phantom shares.
Sentiment
Score: 7
Explanation: Director acquiring shares is generally a positive sign, indicating confidence in the company. The stock grant deferral is a standard practice.
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's ability to elect payment upon retirement or after a deferral period suggests a long-term commitment to the company.
Industry Context
Director share acquisitions are common in the insurance industry as part of compensation packages and alignment of interests.
Stakeholder Impact
- The acquisition of shares by a director could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Hazel McNeilage acquired 778 shares of RGA common stock. |
| 05/24/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.