RGA Director Steven C. Van Wyk Receives Phantom Stock Award

What Happened

• Steven C. Van Wyk, a director of Reinsurance Group of America, Inc. (RGA), was granted 1,518 phantom stock units on 2026-05-20. The Form 4 reports an acquisition-type award (code A) at $0.00 per unit (derivative award), total reported value $0.
• These units were granted pursuant to deferral elections: 701 units from deferral of his annual retainer and 817 units from deferral of his annual stock grant. This is a compensation/deferral transaction (not an open-market buy or sale).

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-22 (appears timely).
• Transaction type/code: Award/Grant (A); derivative phantom stock units.
• Shares/units acquired: 1,518 phantom stock units (701 retainer + 817 annual grant).
• Price reported: $0.00 per unit; reported cash value $0.
• Shares owned after transaction: Not specified on the provided summary.
• Notable footnotes: Units convert 1-for-1 to common stock based on fair market value (F1). Distribution timing is per the director’s election — upon retirement or after a five- or seven-year deferral (F2–F4).

Context

• Phantom stock units are a deferred compensation vehicle that convert into shares (or cash equivalent) later; this does not represent an immediate market purchase or sale. Such awards are routine director compensation and do not, by themselves, indicate trading intent.