Form 4: Reinsurance Group of America Executive Acquires Stock Appreciation Rights and Restricted Share Units
SEC Form 4 Filing
Simon Wainwright, EVP at Reinsurance Group of America, reports acquisition of stock appreciation rights and restricted share units.
Summary
- On March 15, 2024, Simon Wainwright, EVP, Head of EMEA at Reinsurance Group of America Inc. (RGA), acquired 1,058 stock appreciation rights (SARs) and 388 restricted share units (RSUs).
- The SARs have an exercise price of $185.28 and expire on March 15, 2034.
- The RSUs vest in 33 and 1/3% increments over three years and fully vest on December 31, 2026.
- Both SARs and RSUs settle in Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing executive compensation. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of stock appreciation rights and restricted share units by an executive may indicate confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common in the insurance and reinsurance industries. They provide transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may view this as part of the executive compensation package.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition of stock appreciation rights and restricted share units |
| 03/15/2034 | Expiration date of stock appreciation rights |
| 12/31/2026 | Full vesting date of restricted share units |
| 03/19/2024 | Date of Form 4 filing |
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