Form 4: RGA Executive Equity Grant Disclosure

Reinsurance Group of America executive My Chi To received equity-based compensation in the form of restricted share units and stock appreciation rights.

Summary

• My Chi To, EVP and Chief Legal Officer of Reinsurance Group of America (RGA), was granted 1,197 restricted share units (RSUs) and 3,457 stock appreciation rights (SARs) on March 19, 2026.
• The SARs have an exercise price of $200.50 per share.
• Both the RSUs and SARs vest in 33 1/3% annual increments starting March 19, 2027, with full vesting achieved by March 19, 2029.
• The filing notes that this disclosure was submitted late due to an inadvertent administrative error.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure; it is a routine executive compensation event marred only by a minor administrative delay in reporting.

Positives

• Equity-based compensation aligns executive interests with long-term shareholder value creation.
• Multi-year vesting schedule (three years) encourages executive retention.

Negatives

• The filing was submitted late, indicating a lapse in internal administrative compliance regarding SEC reporting requirements.

Risks

• Market volatility could impact the future value of the granted stock appreciation rights.
• Administrative errors in regulatory filings may attract scrutiny regarding internal controls.

Future Outlook

The equity grants are subject to a three-year vesting schedule, indicating management's expectation of continued service and long-term performance through 2029.

Management Comments

• The filing acknowledges that the report was filed late due to an inadvertent administrative error.

Industry Context

StockSavvy.ai notes that equity-based compensation for C-suite executives is standard practice in the insurance and reinsurance sector to ensure alignment with shareholder interests. The late filing is a minor administrative oversight and does not reflect on the company's core financial health.

Comparison to Industry Standards

• The use of SARs and RSUs with a three-year vesting period is consistent with standard executive compensation packages at major financial institutions like Prudential, MetLife, and Aflac.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation disclosure.

Next Steps

• Vesting of 33 1/3% of the granted units on March 19, 2027.

Key Dates

Keywords

RGA, Reinsurance Group of America, Form 4, Insider Trading, Executive Compensation, Equity Grant