Form 4: RGA Executive Converts RSUs, Adjusts Holdings

Reinsurance Group of America's EVP, Controller, John W. Hayden, converted restricted share units into common stock and subsequently disposed of shares for tax obligations.

Summary

• John W. Hayden, EVP, Controller of Reinsurance Group of America Inc (RGA), reported changes in his beneficial ownership of common stock.
• On January 15, 2026, Hayden acquired a total of 710 shares of RGA common stock through the conversion of Restricted Share Units (RSUs). This includes 123 shares from March 2025 RSUs, 124 shares from March 2024 RSUs, and 463 shares from March 2023 RSUs.
• Concurrently, on January 15, 2026, Hayden disposed of a total of 289 shares of RGA common stock at a price of $196.73 per share. These dispositions were for the payment of tax liabilities related to the RSU conversions.
• Following these transactions, Hayden's direct beneficial ownership of RGA common stock is 19,353 shares.
• All derivative securities (RSUs) involved in these conversions now show 0 units beneficially owned by the reporting person.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (RSU conversions and tax-related dispositions) which are neutral in sentiment, reflecting standard executive compensation practices rather than specific positive or negative company performance.

Positives

• The conversion of Restricted Share Units (RSUs) into common stock indicates the vesting of previously granted equity awards, representing a realization of value for the executive.
• The executive's beneficial ownership of common stock remains substantial at 19,353 shares after the reported transactions.

Negatives

• A total of 289 shares were disposed of to cover tax obligations, which reduces the executive's direct equity stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: This is a routine executive compensation event, demonstrating an executive realizing value from equity awards and maintaining a significant stake in the company. It is unlikely to have a material impact on shareholder perception.
• Employees: The filing illustrates the company's equity compensation structure in action, which may be relevant for employees participating in similar plans.

Key Dates

Keywords

RGA, Reinsurance Group of America, Form 4, insider transaction, stock transaction, RSU conversion, executive compensation, beneficial ownership