RGA (RGA) EVP Arthur Ozeki exercises 2,689 performance stock units into shares
Rhea-AI Filing Summary
Reinsurance Group of America executive Arthur Ozeki exercised performance-based stock awards and increased his direct shareholding. On the transaction date, he converted 2,689 Performance Contingent Shares into 2,689 shares of common stock, effectively exercising an equity award granted on March 9, 2023.
The common shares from this award were valued at $205.00 per share in the filing, and his direct ownership after the transaction totals 13,036 shares of Reinsurance Group of America common stock. No open-market purchases or sales were reported; this is a compensation-related exercise of previously granted performance stock units.
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Insights
Executive exercised performance stock units, adding shares through compensation rather than market buying.
EVP and Head of Asia Pacific Arthur Ozeki exercised 2,689 Performance Contingent Shares, each convertible into one common share. This stems from a performance-contingent stock award originally granted on March 9, 2023, reflecting the vesting and settlement of long-term incentive compensation.
The filing lists a value of $205.00 per common share and shows Ozeki holding 13,036 common shares directly after the transaction. With no reported sales, this resembles an exercise-and-hold event, typically a routine part of executive pay rather than a discretionary market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Contingent Shares 2026 | 2,689 | $0.00 | $0.00 |
| Exercise | Common stock | 2,689 | $205.00 | $551K |
Footnotes (3)
- F1. Acquired pursuant to award of Performance Contingent Stock granted on March 9, 2023.
- F2. Each Performance Contingent Stock unit represents the right to receive one (1) share of Issuer's Common Stock.
- F3. Expiration date is not applicable for this transaction.
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