Form 4: RGA Executive Todd C. Larson Executes Stock Options and Sells Shares

Todd C. Larson, SEVP and CFO of Reinsurance Group of America, exercised stock appreciation rights and sold shares to cover exercise costs and tax obligations on March 6, 2024.

Summary

• On March 6, 2024, Todd C. Larson, the SEVP and Chief Financial Officer of Reinsurance Group of America Inc. (RGA), exercised stock appreciation rights (SARs) and sold shares of common stock.
• Larson exercised SARs related to grants from 2015 and 2016, with exercise prices of $90.06 and $93.53, respectively.
• He acquired 1,992 shares at $90.06 and 4,724 shares at $93.53 through the exercise of these SARs.
• To cover the exercise price and tax withholding obligations, Larson sold 880 shares and 2,086 shares at $182.88 per share.
• Following these transactions, Larson directly owns 52,187 shares of RGA common stock.
• The transactions were executed pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It provides transparency into the transactions of company insiders and is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
• The vesting schedules and exercise prices are typical for such instruments.
• The sale of shares to cover exercise costs and tax obligations is a standard practice among executives exercising stock options.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They provide transparency into executive compensation and stock ownership, which can be of interest to shareholders.

Key Dates