Form 4: Reinsurance Group of America Executive Exercises and Disposes of Restricted Share Units
SEC Form 4 Filing
Raymond Kleeman, EVP and Chief HR Officer of Reinsurance Group of America, exercised restricted share units and disposed of shares to cover tax obligations on March 31, 2024.
Summary
- On March 31, 2024, Raymond Kleeman, the EVP and Chief HR Officer of Reinsurance Group of America Inc. (RGA), exercised 1,318 restricted share units (RSUs) that were granted on April 4, 2022, and fully vested on March 31, 2024.
- Kleeman also disposed of 582 shares of common stock to the issuer to cover taxes withheld at a price of $192.88 per share, which was the closing price on March 31, 2024.
- Following these transactions, Kleeman directly owns 2,554 shares of RGA common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives, buy or sell their company's stock. This filing indicates routine compensation-related transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date of special grant of restricted share units. |
| 03/31/2024 | Date of transaction: exercise of RSUs and disposal of shares for tax withholding; RSUs fully vested. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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