Form 4: Reinsurance Group of America Executive Leslie Barbi Reports Share Transactions
SEC Form 4 Filing
Leslie Barbi, EVP and Chief Investment Officer at Reinsurance Group of America, reported the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Leslie Barbi, an executive at Reinsurance Group of America, reported transactions involving the company's common stock on January 16, 2025.
- These transactions included the vesting of 2,816 restricted share units (RSUs) granted in March 2022 and 526 RSUs granted in March 2024.
- Upon vesting, 2,816 shares were acquired and 847 shares were sold to cover tax obligations at a price of $223.86 per share.
- Additionally, 526 shares were acquired and 153 shares were sold to cover tax obligations at the same price.
- Following these transactions, Ms. Barbi directly owns 7,737 shares of common stock.
Sentiment
Score: 7
Explanation: The document reflects routine executive compensation transactions. There is no indication of positive or negative sentiment, it is a standard filing.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. The transactions are related to the vesting of previously granted equity awards.
Comparison to Industry Standards
- The vesting and subsequent sale of shares to cover tax obligations is a common practice for executives at publicly traded companies.
- Many companies use restricted stock units as part of their compensation packages, with vesting schedules that align with performance and retention goals.
- The share price of $223.86 is specific to RGA and would need to be compared to other reinsurance companies to assess its relative value.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares, but are not expected to significantly affect the share price.
- The sale of shares to cover tax obligations is a standard practice and does not indicate any change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2022-03-22 | Date of grant for 2,816 restricted share units that vested on December 31, 2024. |
| 2024-03-15 | Date of grant for 526 restricted share units that vest in increments over three years, with the first vesting on January 16, 2025. |
| 2024-12-31 | Vesting date for 2,816 restricted share units granted in March 2022. |
| 2025-01-16 | Date of the reported transactions, including vesting of RSUs and sale of shares for tax obligations. |
| 2025-01-21 | Date the Form 4 was signed. |
| 2026-12-31 | Full vesting date for the 526 restricted share units granted in March 2024. |
Keywords
Reinsurance Group of America, RGA, Leslie Barbi, restricted stock units, RSU, executive compensation, share transactions, insider trading, Form 4
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