Kleeman Raymond 4

What Happened

• Raymond Kleeman, EVP & Chief Human Resources Officer of Reinsurance Group of America (RGA), exercised/converted 4,553 Performance Contingent Stock units on March 12, 2026. The conversion resulted in 4,553 shares valued at $205.00 each (total value ≈ $933,365).
• To cover tax withholding, 2,006 of those shares were delivered to the issuer (reported as disposed) at the $205.00 closing price (value ≈ $411,230). Net shares retained after withholding: 2,547.

Key Details

• Transaction date(s): March 12, 2026; Filing date: March 16, 2026 (filed within required reporting window).
• Prices reported: $205.00 per share (closing price on March 12, 2026; used for tax withholding calculation).
• Shares from exercise/conversion: 4,553 shares acquired; 2,006 shares withheld for taxes (F-coded); net retained shares = 2,547.
• Footnotes: units were Performance Contingent Stock granted March 9, 2023 (each unit = 1 share). Tax withholding was satisfied by delivering shares to the issuer. Expiration date not applicable.
• Shares owned after transaction: not specified in the provided filing.

Context

• This was a conversion of awarded performance units into common stock (transaction code M), not an open-market purchase or sale. The withholding of 2,006 shares to satisfy taxes is a common cashless/stock-withholding practice and does not, by itself, indicate a buy or sell sentiment.
• Report is factual and timely; no late-filing flag was indicated.