Galvin Cormac 4

What Happened Galvin Cormac, EVP and Head of EMEA at Reinsurance Group of America, was granted two stock-based awards on 2026-03-19: 544 units and 1,572 units (total 2,116). Both grants are reported as derivative awards at $0.00 (i.e., no cash purchase) and are described as stock appreciation rights (SARs) and restricted share units (RSUs) that will settle in RGA common stock. This is an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-19
• Awards: 544 and 1,572 units (total 2,116); reported price $0.00 (derivative awards)
• Vesting: Awards vest in three equal installments (33 1/3% each), beginning on the first anniversary of the grant and fully vesting on March 19, 2029 (per footnote).
• Settlement: SARs and RSUs will settle in RGA common stock upon vesting/settlement.
• Filing timeliness: Form 4 was filed late; the report says this was due to an inadvertent administrative error (timeliness flag L).
• Shares owned after the transaction: Not specified in the provided filing details.

Context Awards like SARs and RSUs are common components of executive compensation and do not represent an immediate cash purchase or sale. SARs generally pay the appreciation in value (in stock) and RSUs convert to shares when they vest. The late filing reduces immediate public transparency but the report discloses the grants and the vesting schedule.