William L. Hutton - May 17, 2023 Form 4 Insider Report for REINSURANCE GROUP OF AMERICA INC (RGA)

Role
EVP, General Counsel & Secy.
Signature
William L. Hutton
Stock symbol
RGA
Transactions as of
May 17, 2023
Transactions value $
-$860,999
Form type
4
Date filed
5/19/2023, 02:35 PM
Previous filing
Mar 13, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RGA Common Stock Sale -$629K -4.19K -23.07% $150.02 14K May 17, 2023 Direct
transaction RGA Common Stock Options Exercise $147K +1.87K +13.4% $78.48 15.8K May 18, 2023 Direct
transaction RGA Common Stock Tax liability -$125K -830 -5.24% $150.07 15K May 18, 2023 Direct F1
transaction RGA Common Stock Options Exercise $146K +1.63K +10.83% $90.06 16.6K May 18, 2023 Direct
transaction RGA Common Stock Tax liability -$108K -721 -4.33% $150.07 15.9K May 18, 2023 Direct F2
transaction RGA Common Stock Sale -$293K -1.95K -12.26% $150.03 14K May 18, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RGA Stock Appreciation Right (right to purchase) 2014 Options Exercise $0 +3.93K $0.00* 0 May 18, 2023 Common Stock 3.93K $78.48 Direct F3
transaction RGA Stock Appreciation Right (right to purchase) 2015 Options Exercise $0 +4.07K $0.00* 0 May 18, 2023 Common Stock 4.07K $90.06 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents (i) 2,053 shares sold to pay the exercise price the purchase of common stock, and (ii) 830 shares withheld to satisfy Company tax withholding obligations, resulting in a net settlement of 1,042 shares.
F2 Represents (i) 2,439 shares sold to pay the exercise price the purchase of common stock, and (ii) 721 shares withheld to satisfy Company tax withholding obligations, resulting in a net settlement of 905 shares.
F3 SARs grants vest in 25% increments over four years, starting on December 31 of the year of grant.