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RGA (NYSE: RGA) CEO exercises 17,388 performance shares, delivers 6,715 for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Reinsurance Group of America President and CEO Tony Kin Shun Cheng reported a compensation-related share transaction. On March 12, 2026, he exercised 17,388 Performance Contingent Stock units granted on March 9, 2023, receiving the same number of common shares.

To cover tax withholding, 6,715 common shares were delivered back to the company at a reference price of $205.00 per share. After these transactions, Cheng directly holds 43,408 shares of common stock. This filing reflects option-style vesting and tax settlement rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider CHENG TONY KIN SHUN
Role President and CEO
Type Security Shares Price Value
Exercise Performance Contingent Shares 2026 17,388 $0.00 $0.00
Exercise Common stock 17,388 $205.00 $3.56M
Exercise Price or Tax Liability Common stock 6,715 $205.00 $1.38M
Holdings After Transaction: Performance Contingent Shares 2026 — 0 shares (Direct); Common stock — 43,408 shares (Direct)
Footnotes (4)
  1. F1. Acquired pursuant to award of Performance Contingent Stock granted on March 9, 2023.
  2. F2. Shares of Common Stock delivered to Issuer as payment for taxes withheld. The reported share price of $205.00 was the closing price on March 12, 2026, which was the price that was used for tax withholding purposes.
  3. F3. Each Performance Contingent Stock unit represents the right to receive one (1) share of Issuer's Common Stock.
  4. F4. Expiration date is not applicable for this transaction.

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FAQ

What did RGA CEO Tony Kin Shun Cheng report in this Form 4?
Tony Kin Shun Cheng exercised 17,388 Performance Contingent Stock units into common shares. He then used 6,715 of those shares to pay taxes, ending with 43,408 directly held common shares after the transactions.

Was Tony Kin Shun Cheng’s RGA Form 4 an open-market stock purchase or sale?
No, the Form 4 reflects a derivative exercise and tax withholding, not open-market trading. Performance Contingent Stock units converted into 17,388 common shares, and 6,715 shares were surrendered to the issuer to satisfy tax obligations at $205.00 per share.

How many RGA shares does Tony Kin Shun Cheng own after the March 12, 2026 transactions?
Following the March 12, 2026 exercise and tax withholding, Tony Kin Shun Cheng directly owns 43,408 shares of Reinsurance Group of America common stock. This reflects the net position after converting 17,388 units and delivering 6,715 shares for taxes.

What are the key details of the Performance Contingent Shares 2026 award at RGA?
Each Performance Contingent Stock unit represents the right to receive one RGA common share. On March 12, 2026, 17,388 such units granted on March 9, 2023 converted one-for-one into common shares, with no expiration date applicable to this particular transaction.

At what price were RGA shares valued for Tony Kin Shun Cheng’s tax withholding?
The shares used for tax withholding were valued at $205.00 per share. This price was the closing price of Reinsurance Group of America common stock on March 12, 2026 and was used solely to determine the number of shares delivered for taxes.

How many RGA shares were withheld for Tony Kin Shun Cheng’s tax obligations?
A total of 6,715 RGA common shares were delivered back to the company to satisfy tax withholding. These shares came from the 17,388 common shares received upon exercising Performance Contingent Stock units, using a reference price of $205.00 per share.
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*
CHENG TONY KIN SHUN
(Last) (First) (Middle)
16600 SWINGLEY RIDGE ROAD
(Street)
CHESTERFIELD MO 63017
(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
Common stock 03/12/2026 M 17,388(1) A $205 50,123 D
Common stock 03/12/2026 F 6,715(2) D $205 43,408 D
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
Performance Contingent Shares 2026 $0(3) 03/12/2026 M 17,388 03/12/2026 (4) Common stock 17,388 $0 0 D
Explanation of Responses:
1. Acquired pursuant to award of Performance Contingent Stock granted on March 9, 2023.
2. Shares of Common Stock delivered to Issuer as payment for taxes withheld. The reported share price of $205.00 was the closing price on March 12, 2026, which was the price that was used for tax withholding purposes.
3. Each Performance Contingent Stock unit represents the right to receive one (1) share of Issuer's Common Stock.
4. Expiration date is not applicable for this transaction.
Remarks:
/s/ My Chi To, by Power of Attorney 03/16/2026
** 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.

Source: View Original Filing on SEC EDGAR