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  4. [Form 4] REINSURANCE GROUP OF AMERICA INC Insider Trading Activity

RGA (RGA) EVP exercises 8,430 performance units, delivers 3,992 shares for tax

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

Rhea-AI Filing Summary

Reinsurance Group of America EVP and Chief Investment Officer Leslie Barbi exercised performance-based equity awards and settled related taxes in shares. On March 12, 2026, she exercised 8,430 Performance Contingent Stock units, receiving 8,430 shares of common stock. The units were originally granted on March 9, 2023, and each unit converted into one share of common stock.

To cover taxes on this award, 3,992 common shares were delivered back to the company at a price of $205.00 per share, which was the closing price used for tax withholding. After these transactions, Barbi directly owned 20,296 shares of Reinsurance Group of America common stock. The tax withholding was not an open-market sale but a share delivery to the issuer to satisfy tax obligations.

Positive

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Insider BARBI LESLIE
Role EVP, Chief Investment Officer
Type Security Shares Price Value
Exercise Performance Contingent Shares 2026 8,430 $0.00 $0.00
Exercise Common stock 8,430 $205.00 $1.73M
Exercise Price or Tax Liability Common stock 3,992 $205.00 $818K
Holdings After Transaction: Performance Contingent Shares 2026 — 0 shares (Direct); Common stock — 20,296 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 executive Leslie Barbi report in this Form 4 filing?
Leslie Barbi reported exercising 8,430 Performance Contingent Stock units into common shares and settling related taxes in stock. This routine equity compensation event increased her direct RGA holdings while using 3,992 shares to satisfy withholding taxes at $205.00 per share.

How many Reinsurance Group of America (RGA) shares did Leslie Barbi acquire?
Leslie Barbi acquired 8,430 RGA common shares on March 12, 2026, by exercising Performance Contingent Stock units granted on March 9, 2023. Each unit converted into one share, reflecting a standard vesting and settlement of long-term incentive compensation at the company.

How were taxes paid on Leslie Barbi’s RGA equity award?
Taxes were paid by delivering 3,992 RGA common shares back to the issuer, rather than using cash. The shares were valued at $205.00, the March 12, 2026 closing price used solely for tax withholding purposes, and did not represent an open-market sale transaction.

What are Leslie Barbi’s RGA share holdings after these transactions?
Following the March 12, 2026 equity award exercise and tax withholding, Leslie Barbi directly owned 20,296 shares of Reinsurance Group of America common stock. This figure reflects the 8,430 shares received from the award, net of the 3,992 shares delivered back to the company for taxes.

What are Performance Contingent Stock units in the RGA filing?
The Performance Contingent Stock units represent a right to receive one RGA common share per unit if conditions are met. In this case, 8,430 units granted on March 9, 2023 converted on March 12, 2026 into 8,430 common shares as part of Leslie Barbi’s long-term incentive compensation.

Did the RGA Form 4 show any open-market buying or selling by Leslie Barbi?
The Form 4 shows no open-market purchases or sales. It reports a derivative exercise converting 8,430 performance units into common stock and a tax-withholding disposition of 3,992 shares delivered to the issuer, a routine method for covering tax obligations on stock-based compensation.
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*
BARBI LESLIE
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Investment Officer
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 8,430(1) A $205 24,288 D
Common stock 03/12/2026 F 3,992(2) D $205 20,296 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 8,430 03/12/2026 (4) Common stock 8,430 $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