STOCK TITAN

RGA (NYSE: RGA) EVP Arthur Ozeki receives new SAR and RSU grants

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

Rhea-AI Filing Summary

REINSURANCE GROUP OF AMERICA INC executive Arthur Ozeki received new equity awards in the form of derivatives linked to common stock. As EVP and Head of Asia Pacific, he was granted stock appreciation rights covering 2,130 shares of common stock at an exercise price of $200.50 per share, expiring on March 19, 2036.

He also received 738 restricted share units linked to common stock. According to the award terms, both the stock appreciation rights and the restricted share units vest in 33 1/3% increments beginning on the first anniversary of the March 19, 2026 grant date and fully vest on March 19, 2029. These are compensation-related grants, not open-market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Ozeki Arthur
Role EVP, Head of Asia Pacific
Type Security Shares Price Value
Grant/Award Restricted Share Unit - March 2026 738 $0.00 --
Grant/Award Stock Appreciation Right (right to purchase) 2026 2,130 $0.00 --
Holdings After Transaction: Restricted Share Unit - March 2026 — 738 shares (Direct, null); Stock Appreciation Right (right to purchase) 2026 — 2,130 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Stock appreciation rights granted 2,130 rights Granted March 19, 2026 to EVP Arthur Ozeki
SAR exercise price $200.50 per share Exercise price for 2,130 stock appreciation rights
SAR expiration date March 19, 2036 Expiration of stock appreciation rights grant
Restricted share units granted 738 RSUs Restricted share unit grant dated March 19, 2026
Vesting schedule 33 1/3% annually Awards vest in thirds starting first anniversary of grant
Full vesting date March 19, 2029 Both SARs and RSUs fully vest on this date
Total SARs after grant 2,130 rights Total stock appreciation rights held after this transaction
Total RSUs after grant 738 RSUs Total restricted share units held after this transaction
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.
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.
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.
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.
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*
Ozeki Arthur

(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, Head of Asia Pacific
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)03/19/2026A738 (1) (1)Common Stock738$0738D
Stock Appreciation Right (right to purchase) 2026$200.5(1)03/19/2026A2,130 (1)03/19/2036Common Stock2,130$02,130D
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)

FAQ

What did RGA executive Arthur Ozeki report in this Form 4 filing for RGA?

Arthur Ozeki reported receiving equity-based compensation tied to RGA common stock. He was granted 2,130 stock appreciation rights at a $200.50 exercise price and 738 restricted share units, both vesting over time rather than involving any open-market stock purchases or sales.

How many stock appreciation rights did Arthur Ozeki receive from RGA?

Arthur Ozeki received 2,130 stock appreciation rights linked to RGA common stock. These rights have an exercise price of $200.50 per share and an expiration date of March 19, 2036, providing a long-dated incentive that only has value if the stock trades above the exercise price.

What restricted share units were granted to Arthur Ozeki at RGA?

Arthur Ozeki was granted 738 restricted share units tied to RGA common stock. These units represent a right to receive shares in the future, subject to vesting conditions, and are granted at no cash cost as part of his executive compensation package.

How do the RGA stock appreciation rights and RSUs granted to Arthur Ozeki vest?

Both the stock appreciation rights and restricted share units vest in 33 1/3% increments beginning on the first anniversary of the grant. The awards fully vest on March 19, 2029, aligning Ozeki’s compensation with longer-term performance of RGA’s common stock.

Did Arthur Ozeki buy or sell RGA shares in the open market in this Form 4?

No, this Form 4 does not show open-market buying or selling of RGA shares. It reports compensation-related grants of stock appreciation rights and restricted share units, which are derivative awards that settle in common stock as they vest over time.