RGA (NYSE: RGA) awards SARs and RSUs to strategy chief
Rhea-AI Filing Summary
Reinsurance Group of America executive Laura Cockrill, EVP & Chief Strategy Officer, received equity-based compensation in the form of stock appreciation rights and restricted share units that settle in common stock. These awards were granted at no cash cost to her.
She was granted 2,268 stock appreciation rights tied to common stock, with an exercise price of $200.50 per share and an expiration date of March 19, 2036, plus 786 restricted share units tied to common stock. According to the disclosure, both the stock appreciation rights and restricted share units vest in 33 1/3% increments starting on the first anniversary of the March 19, 2026 grant date and are scheduled to be fully vested on March 19, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cockrill Laura
Role
EVP & Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit - March 2026 | 786 | $0.00 | $0.00 |
| Grant/Award | Stock Appreciation Right (right to purchase) 2026 | 2,268 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Unit - March 2026 — 786 shares (Direct);
Stock Appreciation Right (right to purchase) 2026 — 2,268 shares (Direct)
Footnotes (1)
- F1. Stock appreciation rights and restricted share units settle in common stock, vest in 33 1/3% increments, beginning on the first anniversary date of the grant, and fully vest on March 19, 2029.
Key Figures
Stock appreciation rights granted: 2,268 rights
Exercise price of SARs: $200.50 per share
SARs expiration date: March 19, 2036
+3 more
6 metrics
Stock appreciation rights granted
2,268 rights
Grant to EVP & Chief Strategy Officer on March 19, 2026
Exercise price of SARs
$200.50 per share
Stock appreciation rights linked to common stock
SARs expiration date
March 19, 2036
End date for 2,268 stock appreciation rights
Restricted share units granted
786 RSUs
Grant labeled Restricted Share Unit - March 2026
Vesting pattern
33 1/3% per year
Annual vesting increments beginning on first anniversary of grant
Full vesting date
March 19, 2029
Both SARs and RSUs scheduled to be fully vested
Key Terms
Stock Appreciation Right, Restricted Share Unit, vest, exercise price, +1 more
5 terms
Stock Appreciation Right financial
"Stock Appreciation Right (right to purchase) 2026"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
vest financial
"settle in common stock, vest in 33 1/3% increments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exercise price financial
"conversion_or_exercise_price": "200.5000""
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.
common stock financial
"Stock appreciation rights and restricted share units settle in common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did RGA EVP Laura Cockrill acquire in this Form 4 filing for RGA?
Laura Cockrill received equity-based compensation, not an open-market purchase. She was granted stock appreciation rights and restricted share units that settle in RGA common stock, providing potential future share-based value tied to the company’s stock performance and service-based vesting.
How many stock appreciation rights were granted to Laura Cockrill at RGA (RGA)?
She was granted 2,268 stock appreciation rights linked to RGA common stock. These rights give her upside based on share price increases above the fixed exercise price, and they follow a multi-year vesting schedule before becoming fully exercisable, subject to continued service conditions.
What are the key terms of Laura Cockrill’s stock appreciation rights at RGA?
The stock appreciation rights cover 2,268 underlying common shares with a $200.50 exercise price and expire on March 19, 2036. They settle in common stock and vest in thirds annually, becoming fully vested on March 19, 2029, assuming ongoing eligibility conditions.
What is the vesting schedule for Laura Cockrill’s RGA equity awards?
Both the stock appreciation rights and restricted share units vest in 33 1/3% increments. Vesting starts on the first anniversary of the March 19, 2026 grant date and continues annually so that all awards are scheduled to be fully vested by March 19, 2029, subject to conditions.
Do Laura Cockrill’s new RGA awards involve any immediate cash transaction?
No immediate cash transaction is involved for these grants. The reported awards are compensation-related equity instruments granted at a reported price of zero, with value realized later through vesting and, for stock appreciation rights, potential gains above the $200.50 exercise price.