RGA director awarded 1,469 phantom stock units

REINSURANCE GROUP OF AMERICA director Giuseppina Albo received a grant of 1,469 phantom stock units as compensation.

Rhea-AI Filing Summary

REINSURANCE GROUP OF AMERICA director Giuseppina Albo received a grant of 1,469 phantom stock units as compensation. These units were acquired through deferral of her annual cash retainer (652 units) and annual stock grant (817 units) for board service.

The phantom stock converts 1-for-1 into common stock based on fair market value and is paid only after she leaves the board or after a five- or seven-year deferral period, according to her distribution elections. This is a non-cash, deferred equity-based award rather than an open-market share purchase.

Insider Trade Summary

Grant/Award: 1,469 shares

Grant/Award 1 txn

Insider Albo Giuseppina

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,469	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 1,469 contracts (Direct)

Footnotes (4)

1. F1. The phantom stock units convert 1 for 1 to common stock, based on fair market value.
2. F2. Acquired pursuant to deferral of annual retainer (652 shares) and defferal of annual stock grant (817 shares) to independent directors for services performed as a director.
3. F3. Director can elect to receive payment (1) upon retirement or (2) after a five or seven year deferral period.
4. F4. Distributable upon director's retirement from the Board in accordance with distribution elections.

Key Figures

Phantom stock units granted: 1,469 units Units from retainer deferral: 652 units Units from stock grant deferral: 817 units +1 more

4 metrics

Phantom stock units granted 1,469 units Director phantom stock award converting 1-for-1 into common stock

Units from retainer deferral 652 units Deferral of annual cash retainer for independent director services

Units from stock grant deferral 817 units Deferral of annual stock grant to independent director

Conversion ratio 1:1 Each phantom stock unit converts into one share of common stock

Key Terms

Phantom Stock, deferral of annual retainer, annual stock grant, distribution elections

4 terms

Phantom Stock financial

"The phantom stock units convert 1 for 1 to common stock, based on fair market value."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

deferral of annual retainer financial

"Acquired pursuant to deferral of annual retainer (652 shares) and defferal of annual stock grant (817 shares)"

annual stock grant financial

"defferal of annual stock grant (817 shares) to independent directors for services performed as a director."

distribution elections financial

"Distributable upon director's retirement from the Board in accordance with distribution elections."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RGA director Giuseppina Albo report?

Giuseppina Albo reported acquiring 1,469 phantom stock units as director compensation. The award reflects deferred annual retainer and stock grant amounts, structured as equity units linked to Reinsurance Group of America common stock value rather than an open-market share purchase.

How many RGA phantom stock units did Giuseppina Albo receive?

She received 1,469 phantom stock units tied to RGA common stock. The grant consists of 652 units from deferral of her annual cash retainer and 817 units from deferral of her annual stock grant for serving as an independent director.

How do Giuseppina Albo’s RGA phantom stock units convert to shares?

The phantom stock units convert 1-for-1 into RGA common stock based on fair market value. This means each unit ultimately corresponds to one share, providing equity-linked compensation without immediate share issuance or cash payment at the grant date.

When can Giuseppina Albo receive payment for the RGA phantom stock units?

She can receive payment upon retirement from the board or after a five- or seven-year deferral period. Timing depends on her distribution elections, so the units serve as long-term, deferred compensation rather than immediately deliverable stock or cash.

Is Giuseppina Albo’s RGA Form 4 transaction a stock purchase or sale?

The filing shows a grant or award acquisition of phantom stock, not an open-market stock purchase or sale. It represents deferred director compensation, with 1,469 phantom units linked to RGA common stock value and settled after retirement or a chosen deferral period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 06:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Albo Giuseppina

(Last) (First) (Middle)

16600 SWINGLEY RIDGE ROAD

(Street)

CHESTERFIELD MISSOURI 63017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
REINSURANCE GROUP OF AMERICA INC [ RGA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	$0(1)	05/20/2026		A		1,469(2)		(3)	(4)	Common stock	1,469	$0	1,469	D

Explanation of Responses:

1. The phantom stock units convert 1 for 1 to common stock, based on fair market value.

2. Acquired pursuant to deferral of annual retainer (652 shares) and defferal of annual stock grant (817 shares) to independent directors for services performed as a director.

3. Director can elect to receive payment (1) upon retirement or (2) after a five or seven year deferral period.

4. Distributable upon director's retirement from the Board in accordance with distribution elections.

Remarks:

	/s/ My Chi To	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)