Form 4: RGA President and CEO Tony Kin Shun Cheng Reports Share Transactions
SEC Form 4 Filing
Tony Kin Shun Cheng, President and CEO 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, Tony Kin Shun Cheng, President and CEO of Reinsurance Group of America Inc. (RGA), reported transactions involving the company's common stock and restricted share units (RSUs).
- Cheng disposed of 1,808 shares related to the settlement of RSUs granted on March 22, 2022, which fully vested on December 31, 2024.
- Additionally, 301 shares were disposed of to cover taxes withheld, with the share price for tax purposes valued at $223.86 on January 16, 2025.
- Following these transactions, Cheng directly owns 24,638 shares of RGA common stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of key executives and their alignment with shareholder interests.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives in publicly traded companies like Reinsurance Group of America (RGA).
- Comparable companies such as Prudential Financial, MetLife, and Manulife Financial also have executives who regularly file Form 4s to report transactions in their company's stock.
- The reporting requirements and timelines are consistent across the industry, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
- It helps stakeholders understand the alignment of management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date the Restricted Share Units (RSUs) were granted. |
| 12/31/2024 | Date the Restricted Share Units (RSUs) fully vested. |
| 01/16/2025 | Date used to determine the share price ($223.86) for tax withholding purposes. |
| 01/21/2025 | Date of the reported transactions involving common stock and RSUs. |
| 01/23/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, RGA, Reinsurance Group of America, Tony Kin Shun Cheng, Insider Trading, Beneficial Ownership, Restricted Share Units, Common Stock, Securities Exchange Act
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