RGA updates CFO salary, bonus and incentives
Reinsurance Group of America detailed updated compensation terms for its new Executive Vice President and Chief Financial Officer, Laura Cockrill.
Rhea-AI Filing Summary
Reinsurance Group of America detailed updated compensation terms for its new Executive Vice President and Chief Financial Officer, Laura Cockrill. Effective with her June 22, 2026 appointment, her annual base salary was set at $650,000, and her Annual Bonus Plan target was increased to 175% of base salary.
Her target grant value for long-term incentive awards was set at 300% of base salary, with specific awards to be granted in 2027 under terms the board committee will approve at that time. Ms. Cockrill also received a $1,000,000 retention bonus, to be paid in three installments in April 2027, April 2028, and April 2029.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CFO base salary: $650,000 per year
Annual bonus target: 175% of base salary
Long-term incentive target: 300% of base salary
+4 more
7 metrics
CFO base salary
$650,000 per year
Annual base salary for Executive Vice President and CFO Laura Cockrill
Annual bonus target
175% of base salary
Target under Annual Bonus Plan for CFO
Long-term incentive target
300% of base salary
Target grant value for LTI awards for CFO
Total retention bonus
$1,000,000
Retention bonus awarded to CFO
Retention bonus 2027 tranche
$200,000
Payable in April 2027
Retention bonus 2028 tranche
$300,000
Payable in April 2028
Retention bonus 2029 tranche
$500,000
Payable in April 2029
Key Terms
Annual Bonus Plan, long-term incentive, retention bonus, Human Capital and Compensation Committee
4 terms
Annual Bonus Plan financial
"Ms. Cockrill’s annual base salary was increased to $650,000, and her Annual Bonus Plan target was increased to 175% of base salary."
long-term incentive financial
"Ms. Cockrill’s target grant value for long-term incentive (“LTI”) awards was increased to 300% of her base salary."
Long-term incentive is a form of pay awarded to executives and key employees that vests over several years and is tied to company performance, often paid in stock or stock-linked awards. It matters to investors because it shapes management’s motivation and risk-taking, can dilute existing shares, and affects future cash flow and company governance—think of it as a multi-year performance bonus that aligns leaders’ rewards with shareholder returns.
retention bonus financial
"Ms. Cockrill was awarded a retention bonus of $1,000,000, approved by the Committee, prior to her appointment as Executive Vice President and Chief Financial Officer."
Human Capital and Compensation Committee financial
"On July 2, 2026, the Human Capital and Compensation Committee of the Company’s Board of Directors approved adjustments to Ms. Cockrill’s compensation."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What new compensation terms did RGA (RGA) approve for its CFO?
RGA set CFO Laura Cockrill’s annual base salary at $650,000 and increased her bonus and long-term incentive targets. These changes align her pay with her new responsibilities as Executive Vice President and Chief Financial Officer.
How is RGA’s CFO annual bonus structured under the new arrangement?
RGA increased Laura Cockrill’s Annual Bonus Plan target to 175% of base salary. This means her potential annual cash bonus is tied to performance goals and can reach 1.75 times her $650,000 base salary if targets are met.
What long-term incentives will RGA’s CFO receive under the new plan?
RGA set Laura Cockrill’s target long-term incentive awards at 300% of base salary. Actual awards will be granted in 2027 in forms and on terms approved by the Human Capital and Compensation Committee at that time.
How large is the retention bonus granted to RGA’s CFO and why?
Laura Cockrill received a $1,000,000 retention bonus, approved before she became CFO. It is designed to encourage her continued service in senior leadership through scheduled payments over three years following her appointment.
When will RGA’s CFO receive payments from her retention bonus?
The $1,000,000 retention bonus is paid in three tranches: $200,000 in April 2027, $300,000 in April 2028, and $500,000 in April 2029, subject to the terms of the retention arrangement.
Who approved the compensation changes for RGA’s CFO?
RGA’s Human Capital and Compensation Committee of the Board of Directors approved Laura Cockrill’s compensation adjustments. This committee oversees executive pay, ensuring arrangements are reviewed and authorized at board level.
AI-generated analysis. How Rhea-AI works. Not financial advice.
