Hayden John W. 4

What Happened
Hayden John W., EVP and Controller of Reinsurance Group of America, was awarded a total of 1,581 derivative awards on March 19, 2026 — 407 and 1,174 units respectively. Both grants have an acquisition price of $0.00 (they are awards, not purchases), so the reported cash value at grant is $0. These are stock-based awards (stock appreciation rights and restricted stock units) rather than open-market buys or sales.

Key Details

• Transaction date: 2026-03-19; Transaction code: A (award/grant).
• Award amounts: 407 units and 1,174 units — total 1,581 units; price per unit reported $0.00; total reported value $0.
• Nature of awards: Derivative awards (stock appreciation rights and restricted stock units) that settle in common stock (see footnote).
• Vesting: Awards vest in three equal installments (33 1/3% each), beginning on the first anniversary of the grant and fully vest on March 19, 2029 (Footnote F1).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: This Form 4 was filed late due to an inadvertent administrative error (remark in filing). This is a late-filed disclosure (timeliness flag L).

Context
These grants are company compensation awards (not a purchase or sale). Because they are SARs/RSUs that settle in stock upon vesting, they do not require cash payment now; they will convert to common shares subject to the stated vesting schedule. The late filing affects disclosure timeliness but does not change the nature of the award itself.