Form 4: RGA Executive Axel Andre Reports Stock Appreciation Right and Restricted Share Unit Acquisition

EVP and CFO Axel Andre reports acquisition of stock appreciation rights and restricted share units in Reinsurance Group of America Inc.

Summary

• Axel Andre, EVP and Chief Financial Officer of Reinsurance Group of America Inc. (RGA), filed a Form 4 on March 10, 2025.
• The report details the acquisition of stock appreciation rights and restricted share units on March 6, 2025.
• Andre acquired 8,490 stock appreciation rights with an exercise price of $193, expiring on March 6, 2035.
• He also acquired 3,109 restricted share units, which vest in increments over three years and fully vest on December 31, 2027.
• Both the stock appreciation rights and restricted share units settle in Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of stock appreciation rights and restricted share units could align the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Comparison to Industry Standards

• Stock appreciation rights and restricted share units are common forms of executive compensation in the insurance and reinsurance industries.
• Companies like Prudential Financial, MetLife, and Manulife Financial also use similar equity-based compensation to incentivize their executives.

Stakeholder Impact

• The acquisition of stock appreciation rights and restricted share units could incentivize the executive to improve company performance, benefiting shareholders.

Key Dates