Reinsurance Group CFO granted SARs and RSUs
Reinsurance Group of America reported that EVP and Chief Financial Officer Andre Axel received equity-based compensation awards on March 19, 2026.
Rhea-AI Filing Summary
Reinsurance Group of America reported that EVP and Chief Financial Officer Andre Axel received equity-based compensation awards on March 19, 2026. He was granted 8,642 Stock Appreciation Rights tied to common stock at an exercise price of $200.50 per share, expiring on March 19, 2036. He also received 2,993 restricted share units, which convert into common stock.
Both the stock appreciation rights and restricted share units settle in common stock and vest in 33 1/3% annual increments, beginning on the first anniversary of the grant and fully vesting on March 19, 2029. These are compensation grants, not open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 11,635 shares
Grant/Award
2 txns
Insider
Andre Axel
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit - March 2026 | 2,993 | $0.00 | $0.00 |
| Grant/Award | Stock Appreciation Right (right to purchase) 2026 | 8,642 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Unit - March 2026 — 2,993 contracts (Direct);
Stock Appreciation Right (right to purchase) 2026 — 8,642 contracts (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: 8,642 rights
SAR exercise price: $200.50 per share
SAR expiration date: March 19, 2036
+3 more
6 metrics
Stock Appreciation Rights granted
8,642 rights
Granted March 19, 2026 to CFO Andre Axel
SAR exercise price
$200.50 per share
Exercise price for 8,642 Stock Appreciation Rights
SAR expiration date
March 19, 2036
Expiration of granted Stock Appreciation Rights
Restricted share units granted
2,993 units
Restricted share units granted March 19, 2026
Vesting pattern
33 1/3% annually
Both SARs and RSUs vest in equal annual thirds
Full vesting date
March 19, 2029
Date SARs and RSUs become fully vested
Key Terms
Stock Appreciation Right, Restricted Share Unit, exercise price, expiration date, +1 more
5 terms
Stock Appreciation Right financial
"Stock appreciation rights and restricted share units settle in common stock"
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.
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.
expiration date financial
"expiration_date: "2036-03-19T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest financial
"settle in common stock, vest in 33 1/3% increments, beginning on the first anniversary"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did RGA report for CFO Andre Axel on this Form 4?
RGA reported that CFO Andre Axel received equity compensation awards, including stock appreciation rights and restricted share units. These awards are grants that settle in common stock and do not represent open-market purchases or sales of existing RGA shares.
How many Stock Appreciation Rights did RGA CFO Andre Axel receive?
Andre Axel received 8,642 Stock Appreciation Rights tied to RGA common stock. These rights have an exercise price of $200.50 per share, settle in common stock, and expire on March 19, 2036, if not exercised according to their terms.
What is the vesting schedule for Andre Axel’s new RGA equity awards?
Both the stock appreciation rights and restricted share units vest in 33 1/3% increments each year. Vesting begins on the first anniversary of the March 19, 2026 grant date and continues until they are fully vested on March 19, 2029.
Did the RGA Form 4 show any stock sales or open-market purchases by the CFO?
The Form 4 shows only grant or award acquisitions of stock appreciation rights and restricted share units. It does not report any open-market purchases or sales of RGA common stock by CFO Andre Axel on the reported date.
What does a Stock Appreciation Right grant mean for RGA’s CFO?
A Stock Appreciation Right gives the CFO the right to benefit from increases in RGA’s share price above the $200.50 exercise price. These rights settle in common stock and can be exercised before their March 19, 2036 expiration, once vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
