Form 4: Reinsurance Group of America Executive Simon Wainwright Reports Stock Transactions
SEC Form 4 Filing
EVP Simon Wainwright reports the vesting and subsequent tax withholding of shares related to restricted share units.
Summary
- On January 16, 2025, Simon Wainwright, EVP, Head of EMEA at Reinsurance Group of America Inc., reported transactions involving the company's common stock.
- These transactions involved the vesting of restricted share units (RSUs) granted in March 2022 and March 2024.
- 756 RSUs from the March 2022 grant vested, and 129 RSUs from the March 2024 grant vested.
- Following the vesting, shares were withheld to cover taxes.
- 356 shares were disposed of at a price of $223.86 for tax withholding related to the March 2022 RSU vesting.
- 61 shares were disposed of at a price of $223.86 for tax withholding related to the March 2024 RSU vesting.
- After these transactions, Wainwright directly owns 9,987 shares of Reinsurance Group of America Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies within the reinsurance industry.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among publicly traded reinsurance companies such as Swiss Re, Munich Re, and Hannover Re.
- The vesting schedules and tax withholding practices are generally consistent with industry norms for equity-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in executive stock ownership.
- The transactions are part of the executive's compensation and therefore impact the executive.
Key Dates
| Date | Description |
|---|---|
| March 22, 2022 | Date of grant for 756 Restricted Share Units (RSUs) that fully vested on December 31, 2024. |
| March 15, 2024 | Date of grant for 129 Restricted Share Units (RSUs) vesting in 33 and 1/3% increments over three years, and fully vesting on December 31, 2026. |
| December 31, 2024 | Date that 756 Restricted Share Units (RSUs) granted on March 22, 2022, fully vested. |
| January 16, 2025 | Date of reported transactions: vesting of RSUs and subsequent tax withholding. |
| January 21, 2025 | Date of signature on the Form 4 filing. |
| December 31, 2026 | Date that 129 Restricted Share Units (RSUs) granted on March 15, 2024, fully vest. |
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