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RGA (NYSE: RGA) grants SARs, RSUs to EVP Jonathan Porter

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Reinsurance Group of America executive Jonathan Porter, EVP and Global Chief Risk Officer, reported new equity-based compensation. He received 3,176 stock appreciation rights tied to common stock with an exercise price of $200.50 per share, expiring on March 19, 2036.

Porter was also granted 1,100 restricted share units linked to common stock. Both the stock appreciation rights and the restricted share units settle in common stock and vest in equal 33 1/3% installments each year, beginning on the first anniversary of the grant, and fully vest on March 19, 2029. These are compensation awards, not open-market purchases or sales.

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Insider PORTER JONATHAN
Role EVP, Global Chief Risk Officer
Type Security Shares Price Value
Grant/Award Restricted Share Unit - March 2026 1,100 $0.00 --
Grant/Award Stock Appreciation Right (right to purchase) 2026 3,176 $0.00 --
Holdings After Transaction: Restricted Share Unit - March 2026 — 1,100 shares (Direct, null); Stock Appreciation Right (right to purchase) 2026 — 3,176 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Stock appreciation rights granted 3,176 rights Grant to Jonathan Porter on March 19, 2026
SAR exercise price $200.50 per share Conversion or exercise price for 3,176 SARs
SAR expiration March 19, 2036 Expiration date of stock appreciation rights
Restricted share units granted 1,100 RSUs Grant to Jonathan Porter on March 19, 2026
Vesting pattern 33 1/3% annually SARs and RSUs vest in thirds, fully by March 19, 2029
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.
Restricted Share Unit financial
"Restricted Share Unit - March 2026"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
vest in 33 1/3% increments financial
"vest in 33 1/3% increments, beginning on the first anniversary date"
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.
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PORTER JONATHAN
(Last)(First)(Middle)
16600 SWINGLEY RIDGE RD.
(Street)
CHESTERFIELD MISSOURI 63017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
REINSURANCE GROUP OF AMERICA INC [ RGA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Global Chief Risk Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Unit - March 2026(1)03/19/2026A1,100 (1) (1)Common Stock1,100$01,100D
Stock Appreciation Right (right to purchase) 2026$200.5(1)03/19/2026A3,176 (1)03/19/2036Common Stock3,176$03,176D
Explanation of Responses:
1. 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.
Remarks:
This Form 4 is being filed late due to inadvertent administrative error.
/s/ My Chi To, by Power of Attorney04/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did RGA executive Jonathan Porter report in this Form 4 filing?

Jonathan Porter reported receiving new equity compensation awards. He was granted 3,176 stock appreciation rights with a $200.50 exercise price and 1,100 restricted share units, all settling in Reinsurance Group of America common stock and vesting over time through March 19, 2029.

What are the key terms of Jonathan Porter’s stock appreciation right grant at RGA?

Porter received 3,176 stock appreciation rights tied to RGA common stock at a $200.50 exercise price. These rights expire on March 19, 2036, settle in common stock, and vest in three equal 33 1/3% installments starting one year after grant, fully vesting by March 19, 2029.

How do Jonathan Porter’s restricted share units from RGA vest over time?

Porter was granted 1,100 restricted share units that settle in RGA common stock. Both these units and his stock appreciation rights vest in equal 33 1/3% increments each year, beginning on the first anniversary of the grant, and become fully vested on March 19, 2029.

Does this RGA Form 4 show Jonathan Porter buying or selling shares on the market?

The filing does not show open-market buying or selling. It reports compensation-related awards: grants of 3,176 stock appreciation rights at a $200.50 exercise price and 1,100 restricted share units, all settling in common stock and vesting over several years through March 19, 2029.

What role does Jonathan Porter hold at Reinsurance Group of America (RGA)?

Jonathan Porter is an executive officer at Reinsurance Group of America, serving as Executive Vice President and Global Chief Risk Officer. The reported Form 4 details his receipt of 3,176 stock appreciation rights and 1,100 restricted share units as part of his equity compensation package.