Form 4: RGA Executive Todd C. Larson Reports Acquisition of Stock Appreciation Rights and Restricted Share Units
SEC Form 4 Filing
Todd C. Larson, SEVP and CFO of Reinsurance Group of America, reports the acquisition of stock appreciation rights and restricted share units.
Summary
- On March 15, 2024, Todd C. Larson, SEVP and Chief Financial Officer of Reinsurance Group of America Inc. (RGA), acquired stock appreciation rights (SARs) for 6,188 shares and 2,270 restricted share units.
- The SARs have an exercise price of $185.28 and expire on March 15, 2034.
- The restricted share units vest in 33 and 1/3% increments over three years, and fully vest on December 31, 2026.
- Both the SARs and restricted share units will be settled in common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of stock appreciation rights and restricted share units by a key executive could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in the insurance and reinsurance industry.
Stakeholder Impact
- Shareholders may view this as an incentive for the executive to improve company performance.
- Employees may see this as part of the overall compensation structure within the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition of stock appreciation rights and restricted share units. |
| 12/31/2026 | Full vesting date for restricted share units. |
| 03/15/2034 | Expiration date for stock appreciation rights. |
| 03/19/2024 | Date of signature for the report. |
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