A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 5 filings in this group are Form 4s for Reinsurance Group of America, Incorporated.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 5 insider filings shown, the breakdown is 3 option exercise, 1 compensation award and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
What each transaction type means
- Option exercise ×3
- The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
- Compensation award ×1
- Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
- Open-market sale ×1
- The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Form 4
Open-market sale
Insider Selling
2026-08-17
RGA insider PORTER JONATHAN (EVP, Global Chief Risk Officer) sold 8,589 shares (~$2.12M)
PORTER JONATHAN, listed as EVP, Global Chief Risk Officer at REINSURANCE GROUP OF AMERICA INC, reported an open-market sale of 8,589 RGA shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
8,589 |
$246.30 |
$2.12M |
Filing: Form 4 (Insider Transaction)
Insider: PORTER JONATHAN (EVP, Global Chief Risk Officer)
Shares: 8,589
Est. Value: $2.12M
Form 4
Option exercise
Tax / Compensation Filing
2026-08-13
RGA insider Form 4 filed for equity award, exercise, or tax withholding
HERRMANN RONALD (Executive Vice President) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
2,577 |
$129.01 |
$332.5K |
F |
Tax withholding on vested shares
|
1,889 |
$244.65 |
$462.1K |
M |
Option exercise
|
3,098 |
$138.34 |
$428.6K |
F |
Tax withholding on vested shares
|
2,337 |
$244.65 |
$571.7K |
M |
Option exercise
|
3,311 |
$185.28 |
$613.5K |
F |
Tax withholding on vested shares
|
2,857 |
$244.65 |
$699.0K |
M |
Option exercise
|
1,816 |
$193.00 |
$350.5K |
F |
Tax withholding on vested shares
|
1,600 |
$244.65 |
$391.4K |
M |
Option exercise
derivative · Stock Appreciation Right (right to purchase) 2021
|
2,577 |
— |
— |
M |
Option exercise
derivative · Stock Appreciation Right (right to purchase) 2023
|
3,098 |
— |
— |
M |
Option exercise
derivative · Stock Appreciation Right (right to purchase) 2024
|
3,311 |
— |
— |
M |
Option exercise
derivative · Stock Appreciation Right (right to purchase) 2025
|
1,816 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: HERRMANN RONALD (Executive Vice President)
Shares: 19,485
Form 4
Option exercise
Tax / Compensation Filing
2026-08-13
RGA insider Form 4 filed for equity award, exercise, or tax withholding
PORTER JONATHAN (EVP, Global Chief Risk Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
2,264 |
$145.25 |
$328.8K |
F |
Tax withholding on vested shares
|
1,345 |
$244.65 |
$329.1K |
M |
Option exercise
|
5,707 |
$117.85 |
$672.6K |
F |
Tax withholding on vested shares
|
2,750 |
$244.65 |
$672.8K |
M |
Option exercise
|
2,437 |
$129.01 |
$314.4K |
F |
Tax withholding on vested shares
|
1,286 |
$244.65 |
$314.6K |
M |
Option exercise
|
4,332 |
$106.53 |
$461.5K |
F |
Tax withholding on vested shares
|
1,887 |
$244.65 |
$461.7K |
M |
Option exercise
|
2,571 |
$138.34 |
$355.7K |
F |
Tax withholding on vested shares
|
1,454 |
$244.65 |
$355.7K |
M |
Option exercise
derivative · Non-Qualified Stock Options 2019
|
2,264 |
— |
— |
M |
Option exercise
derivative · Non-Qualified Stock Option - 2020
|
5,707 |
— |
— |
M |
Option exercise
derivative · Non-Qualified Stock Option - 2021
|
2,437 |
— |
— |
M |
Option exercise
derivative · Net Settled Options - 2022
|
4,332 |
— |
— |
M |
Option exercise
derivative · Net Settled Options - 2023
|
2,571 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: PORTER JONATHAN (EVP, Global Chief Risk Officer)
Shares: 26,033
Form 4
Compensation award
Tax / Compensation Filing
2026-07-06
RGA insider Form 4 filed for equity award, exercise, or tax withholding
TULLOCH MAURICE (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
406 |
$215.65 |
$87.6K |
Filing: Form 4 (Insider Transaction)
Insider: TULLOCH MAURICE (Director)
Shares: 406
Form 4
Option exercise
Tax / Compensation Filing
2026-06-29
RGA insider Form 4 filed for equity award, exercise, or tax withholding
To My Chi (EVP, Chief Legal Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
5,661 |
— |
— |
F |
Tax withholding on vested shares
|
2,515 |
$207.79 |
$522.6K |
M |
Option exercise
derivative · Restricted Stock Unit Special Grant - June 2025
|
5,661 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: To My Chi (EVP, Chief Legal Officer)
Shares: 8,176