Galvin Cormac 4

What Happened
Galvin Cormac, EVP and Head of EMEA at Reinsurance Group of America (RGA), exercised 1,496 performance-contingent stock units on 2026-03-12, resulting in the issuance/acquisition of 1,496 shares valued at $205.00 each (total ≈ $306,680). To satisfy tax withholding obligations, 704 of those shares were delivered back to the company (withheld), valued at $205.00 each (≈ $144,320). Net shares retained by the insider from this transaction: 792 shares.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (appears timely).
• Exercise/conversion: 1,496 performance-contingent units → 1,496 shares at $205.00 (Code M).
• Tax withholding: 704 shares delivered to issuer at $205.00 (Code F) to cover withholding; reported withholding value ≈ $144,320.
• Net shares issued to insider: 792 shares (1,496 − 704).
• Shares owned after transaction: not specified in the provided Form 4.
• Footnotes: units granted as Performance Contingent Stock on March 9, 2023; each unit = 1 share; reported $205.00 is the March 12, 2026 closing price used for withholding; expiration date not applicable.

Context
This was an exercise/conversion of performance-contingent stock units (not an open-market buy or discretionary sale). The withholding of shares to cover taxes is a routine administrative step and not a market sale by the insider. No indication in the filing that this is a 10% owner transaction or that the filing was late.