Form 4: RGA Director Thomas Shundrawn A Acquires 778 Shares of Common Stock Through Deferral
SEC Form 4 Filing
Director Thomas Shundrawn A acquired 778 shares of Reinsurance Group of America (RGA) common stock on May 22, 2024, through a deferral of stock grant for services performed as a director.
Summary
- On May 22, 2024, Thomas Shundrawn A, a director of Reinsurance Group of America Inc. (RGA), acquired 778 shares of common stock.
- The acquisition was made through a deferral of a stock grant for services performed as a director.
- The price of the stock at the time of acquisition was $212.2.
- The director now beneficially owns a total of 778 phantom shares.
- The shares are distributable upon the director's retirement from the Board in accordance with distribution elections, or after a five or seven year deferral period.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of shares by a director suggests confidence in the company, but it's a routine transaction.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The director can elect to receive payment (1) upon retirement or (2) after a five or seven year deferral period. Distributable upon director's retirement from the Board in accordance with distribution elections.
Industry Context
This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies as part of their compensation and incentive programs. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals insider confidence.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Thomas Shundrawn A acquired 778 shares of common stock. |
| 05/24/2024 | Date of signature: Form 4 signed by William L. Hutton, by Power of Attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.