Form 4: Reinsurance Group of America Director McNeilage Acquires Shares Through Stock Grant Deferral

Sentiment:

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

DateDescription
05/22/2024Date of transaction: Hazel McNeilage acquired 778 shares of RGA common stock.
05/24/2024Date of report filing.

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