RGA (NYSE: RGA) EVP exercises 1,496 performance units, 704 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reinsurance Group of America executive Cormac Galvin, EVP and Head of EMEA, exercised 1,496 Performance Contingent Stock units into the same number of shares of common stock on March 12, 2026. These units were originally granted on March 9, 2023, and each unit represented one share of common stock.
Of the shares received, 704 shares were delivered back to the company to cover tax withholding at a share price of $205.00, the closing price on March 12, 2026. After these compensation-related transactions, Galvin directly holds 3,532 shares of RGA common stock, reflecting a net increase of 792 shares, with no remaining Performance Contingent Stock units outstanding from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,496 shares exercised/converted
Mixed
3 txns
Insider
Galvin Cormac
Role
EVP, Head of EMEA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Contingent Shares 2026 | 1,496 | $0.00 | -- |
| Exercise | Common Stock | 1,496 | $205.00 | $307K |
| Tax Withholding | Common Stock | 704 | $205.00 | $144K |
Holdings After Transaction:
Performance Contingent Shares 2026 — 0 shares (Direct);
Common Stock — 4,236 shares (Direct)
Footnotes (1)
- Acquired pursuant to award of Performance Contingent Stock granted on March 9, 2023. 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. Each Performance Contingent Stock unit represents the right to receive one (1) share of Issuer's Common Stock. Expiration date is not applicable for this transaction.
FAQ
What insider transaction did RGA EVP Cormac Galvin report on this Form 4 for RGA?
Cormac Galvin reported exercising 1,496 Performance Contingent Stock units into 1,496 shares of Reinsurance Group of America common stock. The units came from an award granted on March 9, 2023, and were settled in shares on March 12, 2026.
What type of derivative security did Cormac Galvin exercise into RGA common stock?
He exercised Performance Contingent Stock units, where each unit represented the right to receive one share of RGA common stock. In total, 1,496 such units were converted into 1,496 shares on March 12, 2026.