Form 4: RGA EVP Ronald Herrmann's Stock Transactions

Reinsurance Group of America EVP Ronald Herrmann reported the vesting of 7,006 Restricted Share Units and the sale of 3,062 shares for tax withholding.

Summary

• Ronald Herrmann, Executive Vice President (EVP) of Reinsurance Group of America Inc. (RGA), reported changes in his beneficial ownership of company stock.
• On December 1, 2025, 7,006 Restricted Share Units (RSUs) awarded on December 1, 2020, fully vested and converted into 7,006 shares of RGA common stock.
• Following the vesting, 3,062 shares of common stock were disposed of to cover tax withholding obligations.
• The shares for tax withholding were valued at the closing price of $192.69 per share on December 1, 2025.
• After these transactions, Mr. Herrmann directly beneficially owns 12,877 shares of RGA common stock.

Sentiment

Score: 5

Explanation: The filing reports routine executive compensation events (RSU vesting and tax-related share sales), which are neutral in terms of company-specific sentiment.

Positives

• The vesting of 7,006 Restricted Share Units (RSUs) represents a successful payout of long-term incentive compensation for the EVP.

Negatives

• A disposition of 3,062 shares of common stock occurred to satisfy tax withholding requirements, which is a reduction in direct ownership, though not a discretionary sale.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report related to executive compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transactions represent a routine compensation event for an executive, with a minor increase in shares outstanding from RSU conversion, partially offset by tax withholding. No significant direct impact on other shareholders.
• Employees: Reflects the company's executive compensation structure, potentially influencing employee perception of long-term incentives.

Key Dates

Keywords

RGA, Reinsurance Group of America, Form 4, Insider Transaction, Restricted Share Units, RSU Vesting, Executive Compensation, Stock Transaction, Beneficial Ownership