Form 4: RGA EVP Herrmann Reports Routine Stock Transactions
Insider Transaction Report
Reinsurance Group of America's EVP, Ronald Herrmann, reported the vesting of restricted share units and subsequent tax-related stock dispositions.
Summary
- Ronald Herrmann, Executive Vice President of Reinsurance Group of America Inc. (RGA), reported transactions on January 15, 2026.
- These transactions involved the vesting of Restricted Share Units (RSUs) and the subsequent disposition of shares to cover tax liabilities.
- A total of 2,625 shares of common stock were acquired through the vesting of RSUs from grants made in March 2023, March 2024, and March 2025.
- Concurrently, 1,036 shares of common stock were disposed of to satisfy tax withholding obligations related to these RSU vestings.
- Following these transactions, Ronald Herrmann's direct beneficial ownership of RGA common stock stands at 5,533 shares.
Sentiment
Score: 6
Explanation: The filing reflects routine executive compensation events (RSU vesting) and subsequent tax-related dispositions. While there's an acquisition of shares, it's offset by tax withholding, leading to a neutral to slightly positive sentiment as it's a standard part of executive compensation and equity alignment.
Positives
- Executive Ronald Herrmann acquired 2,625 shares of common stock through the vesting of Restricted Share Units, indicating continued equity participation and alignment with shareholder interests.
Negatives
- 1,036 shares of common stock were disposed of to cover tax liabilities, reducing the net increase in direct beneficial ownership from the RSU vestings.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minor impact, as these are routine, pre-scheduled executive compensation transactions that align management interests with shareholders through equity ownership, albeit with some shares sold for tax purposes.
Next Steps
- Future vesting of remaining Restricted Share Units granted on March 15, 2024, fully vesting by December 31, 2026.
- Future vesting of remaining Restricted Share Units granted on March 6, 2025, fully vesting by December 31, 2027.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Approximate grant date for 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. |
| 2026-01-15 | Transaction date for RSU vesting and tax-related stock dispositions. |
| 2026-01-20 | Signature date of the reporting person's power of attorney. |
| 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, Ronald Herrmann, EVP, Insider Trading, Form 4, Restricted Share Units, RSU Vesting, Stock Transactions, Executive Compensation
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