Reinsurance Group of America EVP and Controller John W. Hayden exercised performance-based stock awards into common shares. On March 12, 2026, he converted 2,252 Performance Contingent Stock units, each representing one share of common stock, into 2,252 shares of Reinsurance Group of America common stock.
A portion of these shares was delivered back to the company to cover tax withholding. Specifically, 656 common shares were transferred to the issuer as payment of taxes, using a share price of $205.00, which was the closing price on March 12, 2026. Following these transactions, Hayden directly owned 20,949 common shares.
Reinsurance Group of America executive Jonathan Porter, EVP and Global Chief Risk Officer, exercised 5,456 Performance Contingent Stock units into 5,456 shares of common stock on March 12, 2026, from an award granted on March 9, 2023.
To cover taxes on this vesting, 2,921 shares were delivered back to the company at a price of $205.00 per share, the closing price used for withholding. After these transactions, Porter directly holds 14,885 shares of common stock, reflecting a net increase of 2,535 shares from this award-based exercise and tax withholding.
Reinsurance Group of America President and CEO Tony Kin Shun Cheng reported a compensation-related share transaction. On March 12, 2026, he exercised 17,388 Performance Contingent Stock units granted on March 9, 2023, receiving the same number of common shares.
To cover tax withholding, 6,715 common shares were delivered back to the company at a reference price of $205.00 per share. After these transactions, Cheng directly holds 43,408 shares of common stock. This filing reflects option-style vesting and tax settlement rather than an open-market purchase or sale.
Reinsurance Group of America EVP Ronald Herrmann exercised performance-based stock units into common shares and had shares withheld for taxes. On March 12, 2026, he converted 6,576 Performance Contingent Shares 2026 into 6,576 shares of common stock at an exercise price of $0.00 per share. Of these, 2,857 shares were delivered back to the company to cover tax withholding at a reference price of $205.00 per share, leaving a net increase of 3,719 shares. Following these transactions, Herrmann directly held 10,938 shares of common stock, and no Performance Contingent Shares 2026 remained outstanding.
Reinsurance Group of America EVP and Chief Investment Officer Leslie Barbi exercised performance-based equity awards and settled related taxes in shares. On March 12, 2026, she exercised 8,430 Performance Contingent Stock units, receiving 8,430 shares of common stock. The units were originally granted on March 9, 2023, and each unit converted into one share of common stock.
To cover taxes on this award, 3,992 common shares were delivered back to the company at a price of $205.00 per share, which was the closing price used for tax withholding. After these transactions, Barbi directly owned 20,296 shares of Reinsurance Group of America common stock. The tax withholding was not an open-market sale but a share delivery to the issuer to satisfy tax obligations.
Reinsurance Group of America executive advisor Simon Wainwright exercised performance-based equity and increased his direct common stock holdings. On March 12, 2026, he converted 2,239 Performance Contingent Shares 2026 into the same number of shares of common stock at a reported price of $205.00 per share, based on that day’s closing price. Of these, 1,053 shares were delivered back to the company to cover tax withholding obligations. Following these transactions, Wainwright directly holds 15,129 shares of Reinsurance Group of America common stock.
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.
Reinsurance Group of America executive Raymond Kleeman exercised performance-based stock units into common shares. On March 12, 2026, he converted 4,553 Performance Contingent Stock units, each representing one share of common stock, into 4,553 shares of common stock.
Of these shares, 2,006 were delivered back to the company to cover tax withholding, using a share price of $205.00 as the tax value. After the net settlement, Kleeman directly holds 10,244 shares of Reinsurance Group of America common stock, and no Performance Contingent Stock units from this award remain outstanding.
Reinsurance Group of America, Incorporated completed a debt offering of $400 million aggregate principal amount of 6.375% Fixed-Rate Reset Subordinated Debentures due 2056. These unsecured subordinated debentures rank junior to the company’s senior and secured debt and are effectively subordinated to liabilities of subsidiaries.
The debentures carry a fixed interest rate of 6.375% per year to, but excluding, September 15, 2036, then reset every five years at the Five-Year Treasury Rate plus 2.344%. Interest is payable semi-annually on March 15 and September 15, starting September 15, 2026, with final maturity on September 15, 2056.
The public offering price was 100% of principal, and the company received net proceeds of approximately $396 million after underwriting discounts and before expenses. RGA states it intends to use the net proceeds for general corporate purposes, which may include refinancing debt obligations. The debentures were issued under an existing Indenture with The Bank of New York Mellon Trust Company, N.A. as trustee and sold pursuant to an automatic shelf registration on Form S-3.
Reinsurance Group of America is offering $400,000,000 of 6.375% fixed-rate reset subordinated debentures due September 15, 2056.
The debentures pay a fixed 6.375% interest rate through September 15, 2036, then reset each five years to the Five-Year Treasury Rate plus 2.344%. The issuer may defer interest for Optional Deferral Periods of up to five consecutive years; deferred interest accrues and may compound. The securities are unsecured, subordinated junior debt that ranks equal with certain existing subordinated debentures and senior to the company’s variable junior subordinated notes. Net proceeds are estimated at $394.7 million for general corporate purposes and possible debt refinancing.