Reinsurance Group of America (RGA) EVP exercises options and withholds 8,722 shares
Rhea-AI Filing Summary
REINSURANCE GROUP OF AMERICA INC executive Jonathan Porter, EVP and Global Chief Risk Officer, reported a series of option exercises and related share withholdings on August 11, 2026. He exercised 17,311 stock options granted between 2019 and 2023, with exercise prices ranging from $106.53 to $145.25 per share, receiving an equivalent number of common shares. To fund the exercise prices, a total of 8,722 common shares were withheld at $244.65 per share, as described in the footnotes, resulting in net share settlements for each grant. One 2023 net-settled option grant shows 857 options remaining after this transaction. The filing indicates these trades were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,589 shares
Net Buy
15 txns
Insider
PORTER JONATHAN
Role
EVP, Global Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Options 2019 F6 | 2,264 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option - 2020 F7 | 5,707 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option - 2021 F8 | 2,437 | $0.00 | $0.00 |
| Exercise | Net Settled Options - 2022 F9 | 4,332 | $0.00 | $0.00 |
| Exercise | Net Settled Options - 2023 F10 | 2,571 | $0.00 | $0.00 |
| Exercise | Common stock | 2,264 | $145.25 | $329K |
| Exercise Price or Tax Liability | Common stock F1 | 1,345 | $244.65 | $329K |
| Exercise | Common stock | 5,707 | $117.85 | $673K |
| Exercise Price or Tax Liability | Common stock F2 | 2,750 | $244.65 | $673K |
| Exercise | Common stock | 2,437 | $129.01 | $314K |
| Exercise Price or Tax Liability | Common stock F3 | 1,286 | $244.65 | $315K |
| Exercise | Common stock | 4,332 | $106.53 | $461K |
| Exercise Price or Tax Liability | Common stock F4 | 1,887 | $244.65 | $462K |
| Exercise | Common stock | 2,571 | $138.34 | $356K |
| Exercise Price or Tax Liability | Common stock F5 | 1,454 | $244.65 | $356K |
Holdings After Transaction:
Non-Qualified Stock Options 2019 — 0 shares (Direct);
Non-Qualified Stock Option - 2020 — 0 shares (Direct);
Non-Qualified Stock Option - 2021 — 0 shares (Direct);
Net Settled Options - 2022 — 0 shares (Direct);
Net Settled Options - 2023 — 857 shares (Direct);
Common stock — 23,474 shares (Direct)
Footnotes (10)
- F1. Represents the gross number of shares received (2,264), less shares withheld to satisfy conversion price (1,345), resulting in a net settlement of 919 shares.
- F2. Represents the gross number of shares received (5,707), less shares withheld to satisfy conversion price (2,750), resulting in a net settlement of 2,957 shares.
- F3. Represents the gross number of shares received (2,437), less shares withheld to satisfy conversion price (1,286), resulting in a net settlement of 1,151 shares.
- F4. Represents the gross number of shares received (4,332), less shares withheld to satisfy conversion price (1,887), resulting in a net settlement of 2,445 shares.
- F5. Represents the gross number of shares received (2,571), less shares withheld to satisfy conversion price (1,454), resulting in a net settlement of 1,117 shares.
- F6. Non-Qualified Stock Option grants on March 1, 2019 vest in 25% increments on each of December 31, 2019, 2020, 2021 and 2022.
- F7. Non-Qualified Stock Option grants on March 6, 2020 vest in 25% increments on each of December 31, 2020, 2021, 2022 and 2023.
- F8. Non-qualified stock option grants on March 11, 2021 vest in 25% increments on each of December 31, 2021, 2022, 2023 and 2024.
- F9. Net settled options grants (Canada) on March 22, 2022 vest in 25% increments on each of December 31, 2022, 2023, 2024 and 2025.
- F10. Net settled options grants (Canada) on March 9, 2023 vest in 25% increments on each of December 31, 2023, 2024, 2025 and 2026.
Key Figures
Options exercised: 17,311 shares
Shares withheld: 8,722 shares
Highest exercise price: $145.25 per share
+3 more
6 metrics
Options exercised
17,311 shares
Total derivative shares exercised across 5 grants on August 11, 2026
Shares withheld
8,722 shares
Code F transactions used to pay option exercise prices at $244.65 per share
Highest exercise price
$145.25 per share
Non-Qualified Stock Options 2019 converted into common stock
Lowest exercise price
$106.53 per share
Net Settled Options 2022 converted into common stock
Withholding price
$244.65 per share
Price used for all Code F share withholdings to pay exercise prices
Remaining 2023 options
857 options
Net Settled Options 2023 reported as remaining after the exercise
Key Terms
Non-Qualified Stock Options, Net settled options, Rule 10b5-1 trading plan, exercise price, +1 more
5 terms
Non-Qualified Stock Options financial
"Non-Qualified Stock Options 2019, 2020 and 2021 were exercised into common stock"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
Net settled options financial
"Net settled options grants (Canada) on March 22, 2022 vest in 25% increments"
Rule 10b5-1 trading plan regulatory
"The filing’s Rule 10b5-1 checkbox indicates trades were not under a trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
exercise price financial
"Shares were withheld to satisfy conversion price, effectively covering the exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
net settlement financial
"Footnotes describe net settlement of option exercises after shares withheld"
FAQ
What did RGA executive Jonathan Porter report in this Form 4 for RGA?
Jonathan Porter reported exercising 17,311 stock options into common shares and having 8,722 shares withheld to cover exercise prices, with transactions dated August 11, 2026.
How many stock options did Jonathan Porter exercise in the RGA Form 4?
He exercised 17,311 stock options across grants from 2019 to 2023, converting them into the same number of RGA common shares on August 11, 2026.
At what prices were Jonathan Porter’s RGA options exercised?
The options were exercised at strike prices of $145.25, $117.85, $129.01, $106.53 and $138.34 per share, each corresponding to different annual non-qualified or net-settled option grants.
Were Jonathan Porter’s RGA transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked in a way that indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.
Does Jonathan Porter retain any RGA options after these transactions?
Yes. One 2023 net-settled option grant shows 857 options remaining after the August 11, 2026 exercise, based on the reported post-transaction balance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
