Form 4: RGA Executive Jonathan Porter Reports Stock Transactions
SEC Form 4 Filing
Jonathan Porter, EVP and Global Chief Risk Officer of Reinsurance Group of America, reports the acquisition and disposal of common stock and restricted share units on January 21, 2025.
Summary
- On January 21, 2025, Jonathan Porter, EVP and Global Chief Risk Officer of Reinsurance Group of America Inc. (RGA), engaged in transactions involving the company's common stock and restricted share units (RSUs).
- Porter acquired 1,242 shares of common stock through the vesting of RSUs granted on March 22, 2022, which fully vested on December 31, 2024.
- He also acquired 404 shares of common stock through the vesting of RSUs granted on March 15, 2024, which vest in increments and fully vest on December 31, 2026.
- Simultaneously, Porter disposed of 665 shares and 217 shares of common stock to cover tax withholdings at a price of $223.86 per share.
- Following these transactions, Porter directly owns 8,388 shares of RGA common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Restricted share units (RSUs) granted. |
| 03/15/2024 | Restricted share units (RSUs) granted. |
| 12/31/2024 | RSUs granted on March 22, 2022, fully vested. |
| 01/16/2025 | Closing price of $223.86 used for tax withholding purposes. |
| 01/21/2025 | Date of reported transactions. |
| 12/31/2026 | RSUs granted on March 15, 2024, fully vest. |
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