REINSURANCE GROUP OF AMERICA INC 8-K

What Happened

• Reinsurance Group of America, Incorporated (RGA) filed an 8-K (July 9, 2026) reporting that Laura Cockrill, who was named Executive Vice President and Chief Financial Officer effective June 22, 2026, had her compensation adjusted by the Human Capital and Compensation Committee on July 2, 2026. Ms. Cockrill previously served as RGA’s Chief Strategy Officer.

Key Details

• Annual base salary increased to $650,000.
• Annual Bonus Plan target raised to 175% of base salary.
• Long-term incentive (LTI) target grant value increased to 300% of base salary; any LTI awards will be granted in 2027 subject to Committee approval.
• A $1,000,000 retention bonus (approved prior to her appointment) will be paid in three tranches: $200,000 in April 2027, $300,000 in April 2028, and $500,000 in April 2029.

Why It Matters

• These changes materially affect RGA’s executive compensation expense and align the new CFO’s pay with senior executive pay practices (higher base, larger annual bonus target, and substantial LTI target). Investors should note the timing and amounts of the phased retention payments and that LTI awards are expected in 2027, which may influence RGA’s reported compensation expense in future periods.