Form 4: Reinsurance Group of America Executive Acquires Stock Appreciation Rights and Restricted Share Units

Simon Wainwright, EVP, Head of EMEA at Reinsurance Group of America, reports acquisition of stock appreciation rights and restricted share units.

Summary

• On March 6, 2025, Simon Wainwright, EVP, Head of EMEA at Reinsurance Group of America Inc. (RGA), acquired 1,539 stock appreciation rights and 563 restricted share units.
• The stock appreciation rights have an exercise price of $193 and expire on March 6, 2035.
• The restricted share units vest in 33 and 1/3% increments over three years, fully vesting on December 31, 2027, and settle in common stock.
• Following the transaction, Wainwright directly owns 1,539 stock appreciation rights and 563 restricted share units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation transaction. There are no indications of significant positive or negative implications.

Positives

• The acquisition of stock appreciation rights and restricted share units could align Wainwright's interests with those of the shareholders, incentivizing him to improve the company's performance.

Future Outlook

The stock appreciation rights and restricted share units vest over time, potentially incentivizing long-term performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation structure and alignment of interests between management and shareholders.

Comparison to Industry Standards

• Stock appreciation rights and restricted share units are common forms of executive compensation in the reinsurance industry, used by companies like Munich Re, Swiss Re, and Berkshire Hathaway to incentivize performance and retain key personnel.
• The vesting schedules and exercise prices are generally aligned with industry norms, aiming to balance short-term and long-term value creation.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholders by aligning executive interests with long-term company performance.

Key Dates