Thomas Shundrawn A 4

What Happened

• Thomas Shundrawn A, a director of Reinsurance Group of America, received a grant of 817 phantom stock units (reported as a derivative award) on May 20, 2026. The units were reported at $0.00 per unit (total reported cash value $0) and are classified as an award/grant (code A). This was a compensation-related grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-22 (filed two days after the transaction, which generally meets the standard 2-business-day Form 4 deadline).
• Award: 817 phantom stock units @ $0.00 (derivative). Reported total cash amount: $0.
• Shares owned after transaction: Not disclosed in the information provided in this filing.
• Transaction code: A (award/grant); derivative units reported rather than immediate common shares.
• Footnotes of note:
  • Units convert 1-for-1 to common stock based on fair market value (phantom units) (F1).
  • Units were acquired pursuant to deferral of the annual independent director stock grant (817 shares) for services as a director (F2).
  • Director may elect distribution upon retirement or after a five- or seven-year deferral period (F3).
  • Units are distributable upon the director’s retirement in accordance with distribution elections (F4).

Context

• Phantom stock units are a deferred-compensation vehicle: they do not represent immediate common shares but track value and convert to shares (or cash equivalent) later per plan rules. This is routine director compensation and should not be interpreted as an open-market buy or sell signal.