Form 4: Reinsurance Group of America Executive Exercises Stock Options and Sells Shares

Simon Wainwright, EVP at Reinsurance Group of America, exercised stock appreciation rights and sold shares to cover the exercise price and tax obligations.

Summary

• Simon Wainwright, an Executive Vice President at Reinsurance Group of America, exercised stock appreciation rights on December 17, 2024.
• This transaction involved the acquisition of 2,370 shares of common stock at a price of $90.06 per share.
• Simultaneously, 1,655 shares were disposed of, with 1,020 shares sold to cover the exercise price and 635 shares withheld for tax obligations.
• The net result of these transactions was a decrease in Wainwright's direct holdings of common stock by 1,655 shares, from 11,174 to 9,519 shares.
• The stock appreciation rights were granted in 2015 and vest in increments over three years.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation, with no significant positive or negative implications.

Industry Context

This is a routine filing related to executive compensation and is common in the financial services industry.

Comparison to Industry Standards

• Stock option exercises and sales are a standard part of executive compensation packages in publicly traded companies, including those in the reinsurance sector.
• The vesting schedule of the stock appreciation rights, with 33 and 1/3% increments over three years, is a common practice to incentivize long-term performance.
• Companies like Prudential Financial, MetLife, and Lincoln National also use similar stock-based compensation methods for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The transaction is part of the executive's compensation and does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

stock appreciation rights, insider trading, executive compensation, stock options, Reinsurance Group of America, RGA, Form 4