Form 4: RGA EVP Barbi Exercises RSUs, Boosts Direct Stock Holdings
Insider Transaction Report
Reinsurance Group of America's EVP and Chief Investment Officer, Leslie Barbi, increased her direct beneficial ownership of common stock by 1,901 shares following the exercise of restricted share units and subsequent tax-related dispositions.
Summary
- Leslie Barbi, Executive Vice President and Chief Investment Officer of Reinsurance Group of America Inc. (RGA), reported transactions on January 20, 2026.
- She acquired a total of 2,782 shares of RGA common stock through the vesting and exercise of Restricted Share Units (RSUs).
- These RSUs originated from grants made in March 2023, March 2024, and March 2025.
- Concurrently, 881 shares were disposed of at a price of $196.73 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Barbi's direct beneficial ownership of RGA common stock increased by a net of 1,901 shares, bringing her total direct holdings to 15,858 shares.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to equity compensation, which is neutral in sentiment. It reflects standard compensation practices rather than a discretionary investment decision or significant new information about the company's performance.
Positives
- An insider, the EVP and Chief Investment Officer, exercised vested equity compensation, indicating continued participation in the company's stock.
- Direct beneficial ownership of RGA common stock increased by a net of 1,901 shares.
Negatives
- A total of 881 shares were sold to cover tax liabilities, representing a reduction in the gross number of shares acquired from RSU vesting.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine compensation-related transactions.
- Employees: Reflects standard executive compensation practices.
Next Steps
- Future vesting of remaining Restricted Share Units granted on March 15, 2024, with full vesting by December 31, 2026.
- Future vesting of remaining Restricted Share Units granted on March 6, 2025, with full vesting by December 31, 2027.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Approximate grant date for a tranche of Restricted Share Units that fully vested on December 31, 2025. |
| 2024-03-15 | Grant date for Restricted Share Units vesting in 33 and 1/3% increments over three years, fully vesting on December 31, 2026. |
| 2025-03-06 | Grant date for Restricted Share Units vesting in 33 and 1/3% increments over three years, fully vesting on December 31, 2027. |
| 2025-12-31 | Full vesting date for Restricted Share Units granted in March 2023. |
| 2026-01-20 | Transaction date for the exercise of Restricted Share Units and subsequent tax-related dispositions. |
| 2026-01-22 | Date the Form 4 was signed and filed. |
| 2026-12-31 | Full vesting date for Restricted Share Units granted on March 15, 2024. |
| 2027-12-31 | Full vesting date for Restricted Share Units granted on March 6, 2025. |
Keywords
Reinsurance Group of America, RGA, Leslie Barbi, insider transaction, Form 4, restricted stock units, RSU, equity compensation, beneficial ownership, chief investment officer
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