Cockrill Laura 4

What Happened
Laura Cockrill, EVP & Chief Strategy Officer of Reinsurance Group of America (RGA), converted 1,079 performance-contingent stock units into 1,079 shares on March 12, 2026 (reported on Form 4 filed March 16, 2026). The conversion is reported as an acquisition valued at $221,195 (1,079 × $205.00). To satisfy tax withholding, 314 of those shares were delivered back to the issuer (reported as disposition, value $64,370), resulting in a net increase of 765 common shares to her holdings. The underlying units were cancelled upon conversion.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely under the two-business-day rule).
• Primary codes: M = exercise/conversion of derivative (performance units); F = shares delivered to issuer for tax withholding.
• Amounts: 1,079 shares acquired at $205.00 (total $221,195); 314 shares withheld for taxes at $205.00 (total $64,370). Net new shares = 765.
• Footnotes: award was a Performance Contingent Stock grant dated March 9, 2023; each unit equals the right to one share; $205 was the closing price on March 12, 2026 used for tax withholding.
• Shares owned after transaction: not reported in the Form 4 (filing does not state total post-transaction holdings).

Context
This was a conversion/settlement of previously granted performance stock units, not an open-market purchase or sale. The withholding of a portion of the issued shares to cover taxes is a common administrative step and does not necessarily indicate a separate sale in the market. The net effect for Cockrill is a routine, stock-award–driven increase in shares held (765 net shares).